Alphabet (NASDAQ:GOOGL - Free Report) had its price target raised by KeyCorp from $165.00 to $175.00 in a report released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the information services provider's stock.
GOOGL has been the subject of several other research reports. Citigroup restated a buy rating and issued a $168.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Wolfe Research lifted their price objective on shares of Alphabet from $170.00 to $180.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. Needham & Company LLC reaffirmed a buy rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Mizuho lifted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Finally, Susquehanna lifted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a positive rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $158.71.
Check Out Our Latest Research Report on Alphabet
Alphabet Trading Up 1.4 %
GOOGL traded up $2.19 on Monday, reaching $156.28. 26,421,146 shares of the company traded hands, compared to its average volume of 30,091,797. Alphabet has a one year low of $102.63 and a one year high of $160.22. The firm has a fifty day simple moving average of $146.26 and a two-hundred day simple moving average of $140.64. The company has a market cap of $1.94 trillion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter last year, the business posted $1.05 EPS. As a group, equities research analysts expect that Alphabet will post 6.78 earnings per share for the current year.
Insider Buying and Selling at Alphabet
In other news, SVP Prabhakar Raghavan sold 3,258 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares of the company's stock, valued at $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 230 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares of the company's stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last ninety days. Corporate insiders own 0.88% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Core Wealth Management Inc. grew its holdings in shares of Alphabet by 3.9% in the first quarter. Core Wealth Management Inc. now owns 4,231 shares of the information services provider's stock valued at $639,000 after purchasing an additional 160 shares in the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of Alphabet by 32.4% in the first quarter. Centennial Wealth Advisory LLC now owns 3,180 shares of the information services provider's stock valued at $480,000 after purchasing an additional 778 shares in the last quarter. Greystone Financial Group LLC grew its holdings in shares of Alphabet by 12.0% in the first quarter. Greystone Financial Group LLC now owns 13,946 shares of the information services provider's stock valued at $2,105,000 after purchasing an additional 1,497 shares in the last quarter. HF Advisory Group LLC purchased a new position in Alphabet in the first quarter worth approximately $211,000. Finally, PFG Investments LLC lifted its stake in Alphabet by 63.7% in the first quarter. PFG Investments LLC now owns 82,078 shares of the information services provider's stock worth $12,388,000 after acquiring an additional 31,932 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Company Profile
(
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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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