Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Alphabet in a research note on Thursday. They set a buy rating and a $3,600.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Alphabet from $3,400.00 to $3,500.00 and gave the stock an outperform rating in a research note on Wednesday, February 2nd. Rosenblatt Securities initiated coverage on shares of Alphabet in a research note on Tuesday. They set a buy rating and a $4,183.00 price target on the stock. Tigress Financial boosted their target price on shares of Alphabet from $3,540.00 to $3,670.00 and gave the stock a strong-buy rating in a research report on Friday, March 18th. Finally, Credit Suisse Group dropped their target price on shares of Alphabet from $3,500.00 to $3,450.00 and set an outperform rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $3,409.38.
Shares of Alphabet stock opened at $2,496.29 on Wednesday. Alphabet has a 12-month low of $2,193.62 and a 12-month high of $3,030.93. The company has a current ratio of 2.93, a quick ratio of 2.91 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.65 trillion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The company has a 50-day moving average of $2,673.33 and a two-hundred day moving average of $2,784.39.
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Tuesday, February 1st. The information services provider reported $30.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $26.69 by $4.00. The firm had revenue of $61.90 billion for the quarter, compared to analyst estimates of $59.32 billion. Alphabet had a net margin of 29.51% and a return on equity of 31.56%. During the same quarter last year, the business earned $22.30 earnings per share. On average, sell-side analysts forecast that Alphabet will post 116.69 EPS for the current fiscal year.
In other Alphabet news, Director Lawrence Page sold 100 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,574.16, for a total value of $257,416.00. Following the transaction, the director now owns 19,527,502 shares in the company, valued at approximately $50,266,914,548.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brin Sergey sold 2,639 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. Following the completion of the sale, the director now directly owns 18,599,842 shares of the company’s stock, valued at $48,959,992,099.76. The disclosure for this sale can be found here. Insiders have sold 549,698 shares of company stock worth $20,324,689 in the last 90 days. 11.70% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of GOOGL. Berkeley Capital Partners LLC boosted its holdings in shares of Alphabet by 1.1% during the 3rd quarter. Berkeley Capital Partners LLC now owns 383 shares of the information services provider’s stock worth $1,024,000 after buying an additional 4 shares during the period. Walkner Condon Financial Advisors LLC boosted its holdings in shares of Alphabet by 0.8% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 507 shares of the information services provider’s stock worth $1,357,000 after buying an additional 4 shares during the period. Budros Ruhlin & Roe Inc. boosted its holdings in shares of Alphabet by 0.6% during the 3rd quarter. Budros Ruhlin & Roe Inc. now owns 650 shares of the information services provider’s stock worth $1,738,000 after buying an additional 4 shares during the period. Sonata Capital Group Inc. boosted its holdings in shares of Alphabet by 2.5% during the 3rd quarter. Sonata Capital Group Inc. now owns 162 shares of the information services provider’s stock worth $433,000 after buying an additional 4 shares during the period. Finally, Oxbow Advisors LLC boosted its holdings in Alphabet by 0.7% in the 3rd quarter. Oxbow Advisors LLC now owns 588 shares of the information services provider’s stock valued at $1,572,000 after purchasing an additional 4 shares during the period. 34.47% of the stock is owned by institutional investors.
Alphabet Company Profile (Get Rating)
Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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