Alphabet (NASDAQ:GOOGL) Trading 1.5% Higher

Shares of Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) traded up 1.5% during trading on Tuesday . The company traded as high as $171.09 and last traded at $170.55. 9,544,364 shares were traded during trading, a decline of 69% from the average session volume of 30,514,707 shares. The stock had previously closed at $168.10.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOGL shares. KeyCorp lifted their target price on shares of Alphabet from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. UBS Group raised their target price on Alphabet from $150.00 to $166.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Redburn Atlantic increased their price objective on Alphabet from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Truist Financial upped their target price on Alphabet from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, JMP Securities boosted their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company a "market outperform" rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.60.

Alphabet Stock Performance

The stock has a market capitalization of $2.12 trillion, a P/E ratio of 26.27, a PEG ratio of 1.28 and a beta of 1.02. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $151.40 and a 200 day moving average of $142.83.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the previous year, the business earned $1.17 EPS. Research analysts anticipate that Alphabet Inc. will post 7.57 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares of the company's stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold a total of 275,129 shares of company stock valued at $40,382,765 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of Alphabet

A number of institutional investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC increased its position in Alphabet by 1.0% during the first quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider's stock worth $1,000,000 after acquiring an additional 64 shares during the period. M. Kraus & Co increased its holdings in shares of Alphabet by 1.1% during the 1st quarter. M. Kraus & Co now owns 6,267 shares of the information services provider's stock worth $946,000 after purchasing an additional 66 shares during the period. Wynn Capital LLC raised its position in shares of Alphabet by 3.9% during the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider's stock valued at $267,000 after buying an additional 67 shares during the last quarter. Aire Advisors LLC lifted its stake in shares of Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider's stock valued at $1,645,000 after buying an additional 68 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. grew its position in Alphabet by 2.1% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider's stock worth $511,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.