Alphabet Inc. (NASDAQ:GOOGL) Receives $210.62 Consensus PT from Brokerages

Shares of Alphabet Inc. (NASDAQ:GOOGL) have received a consensus rating of “Moderate Buy” from the forty-three brokerages that are covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation, twenty-nine have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $210.62.

Several equities analysts have recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Finally, DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a research report on Thursday, February 6th.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $170.33 on Monday. The firm’s 50-day moving average price is $190.58 and its 200-day moving average price is $176.11. Alphabet has a 1-year low of $130.66 and a 1-year high of $207.05. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 21.16, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,309 shares of company stock worth $25,057,490. 11.55% of the stock is owned by corporate insiders.

Institutional Trading of Alphabet

A number of hedge funds have recently made changes to their positions in GOOGL. Compass Planning Associates Inc bought a new stake in shares of Alphabet during the 4th quarter worth $30,000. LMR Partners LLP bought a new stake in shares of Alphabet during the 3rd quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $39,000. Finally, PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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.