Alphabet (NASDAQ:GOOGL) Shares Down 0.2%

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) was down 0.2% during trading on Monday . The stock traded as low as $166.03 and last traded at $166.86. Approximately 7,448,051 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 30,589,213 shares. The stock had previously closed at $167.24.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen lifted their price objective on Alphabet from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Roth Mkm increased their price objective on shares of Alphabet from $164.00 to $202.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Wedbush boosted their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. JMP Securities upped their price objective on Alphabet from $160.00 to $200.00 and gave the stock a "market outperform" rating in a report on Friday, April 26th. Finally, Jefferies Financial Group raised their price target on Alphabet from $180.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.60.

Alphabet Stock Performance

The company has a market cap of $2.08 trillion, a PE ratio of 25.61, a P/E/G ratio of 1.28 and a beta of 1.02. The company's fifty day moving average price is $150.14 and its 200 day moving average price is $142.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares of the company's stock, valued at approximately $347,832,416.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John L. Hennessy sold 2,100 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company's stock, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the transaction, the chief executive officer now owns 2,377,691 shares of the company's stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,129 shares of company stock valued at $40,382,765. 0.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Alphabet during the 4th quarter valued at about $30,000. Tributary Capital Management LLC bought a new stake in Alphabet during the first quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Meritage Group LP grew its stake in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider's stock worth $40,000 after buying an additional 276 shares in the last quarter. Finally, Macroview Investment Management LLC increased its holdings in shares of Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider's stock worth $42,000 after buying an additional 199 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

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.

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