Alphabet Inc. (NASDAQ:GOOGL) Given Consensus Recommendation of “Buy” by Analysts

Shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) have been given a consensus rating of “Buy” by the forty research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, thirty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $3,314.08.

Several equities analysts have recently commented on the company. Susquehanna Bancshares increased their price objective on Alphabet from $3,600.00 to $3,750.00 and gave the company a “positive” rating in a research report on Wednesday, February 2nd. Mizuho reduced their price objective on Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Canaccord Genuity Group reduced their price objective on Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Bank of America increased their price objective on Alphabet from $3,470.00 to $3,510.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Finally, Truist Financial reduced their price objective on Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th.

Shares of NASDAQ GOOGL opened at $2,330.11 on Friday. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 21.08, a P/E/G ratio of 1.10 and a beta of 1.13. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $2,614.61 and its two-hundred day simple moving average is $2,755.24. Alphabet has a twelve month low of $2,193.62 and a twelve month high of $3,030.93.

Shares of Alphabet are scheduled to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the prior year, the business earned $26.29 earnings per share. As a group, research analysts anticipate that Alphabet will post 112.62 EPS for the current fiscal year.

In other Alphabet news, Director Brin Sergey sold 2,639 shares of Alphabet stock in a transaction 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 transaction, the director now owns 18,599,842 shares in the company, valued at $48,959,992,099.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 42 shares of Alphabet stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total value of $98,082.60. Following the transaction, the chief accounting officer now owns 1,170 shares of the company’s stock, valued at approximately $2,732,301. The disclosure for this sale can be found here. In the last 90 days, insiders sold 550,230 shares of company stock valued at $21,567,069. 13.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Morling Financial Advisors LLC bought a new stake in shares of Alphabet in the 4th quarter worth $29,000. West Bancorporation Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $29,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet in the 4th quarter worth $32,000. Disciplined Investments LLC increased its holdings in shares of Alphabet by 200.0% in the 3rd quarter. Disciplined Investments LLC now owns 15 shares of the information services provider’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Finally, J Arnold Wealth Management Co bought a new stake in shares of Alphabet in the 3rd quarter worth $40,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

About Alphabet (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.

Featured Stories

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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.