Alphabet (NASDAQ:GOOG) Trading Up 2.4%

Alphabet Inc. (NASDAQ:GOOGGet Free Report)’s share price was up 2.4% during trading on Monday . The stock traded as high as $157.00 and last traded at $155.86. Approximately 11,307,705 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 22,934,783 shares. The stock had previously closed at $152.26.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOOG shares. Raymond James upped their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus target price of $146.33.

View Our Latest Analysis on Alphabet

Alphabet Stock Up 0.3 %

The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a 50-day moving average of $145.30 and a 200-day moving average of $139.86.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Ruth Porat sold 48,077 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the completion of the transaction, the director now owns 6,784 shares of the company’s stock, valued at $973,436.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,239 shares of company stock valued at $32,432,382. 12.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tandem Wealth Advisors LLC bought a new position in Alphabet during the 3rd quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet during the 4th quarter worth $26,000. Partnership Wealth Management LLC bought a new position in Alphabet during the 4th quarter worth $26,000. HWG Holdings LP bought a new position in Alphabet during the 2nd quarter worth $26,000. Finally, Equitec Proprietary Markets LLC bought a new position in Alphabet during the 4th quarter worth $28,000. 27.26% of the stock is owned by institutional investors.

Alphabet Company Profile

(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.

Further Reading

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