Alphabet (NASDAQ:GOOG) Trading 0.4% Higher

Alphabet Inc. (NASDAQ:GOOGGet Free Report) shares shot up 0.4% during trading on Monday . The stock traded as high as $182.08 and last traded at $181.00. 4,157,713 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 21,337,436 shares. The stock had previously closed at $180.26.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer upped their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $165.67.

Read Our Latest Stock Analysis on Alphabet

Alphabet Stock Up 0.2 %

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 company has a fifty day simple moving average of $171.61 and a 200-day simple moving average of $154.11. The firm has a market cap of $2.23 trillion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the transaction, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. Insiders have sold 158,458 shares of company stock worth $26,375,053 in the last three months. Company insiders own 12.99% of the company’s stock.

Institutional Trading of Alphabet

Several hedge funds have recently modified their holdings of GOOG. Partnership Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

About Alphabet

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.