Alphabet (NASDAQ:GOOGL – Get Rating)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $132.00 target price on the information services provider’s stock. JMP Securities’ price target would suggest a potential upside of 29.90% from the company’s current price.
Several other research firms also recently weighed in on GOOGL. Mizuho reduced their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Barclays increased their price objective on Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Credit Suisse Group decreased their price target on shares of Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Finally, Loop Capital lifted their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Four research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $132.44.
Alphabet Trading Up 1.3 %
NASDAQ GOOGL opened at $101.62 on Thursday. Alphabet has a 52 week low of $83.34 and a 52 week high of $143.79. The firm has a 50 day moving average of $95.08 and a two-hundred day moving average of $96.27. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.30 trillion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09.
Insider Buying and Selling
In other news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ann Mather sold 340 shares of Alphabet stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,095,196. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,245 shares of company stock valued at $7,174,078. 11.44% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in GOOGL. VitalStone Financial LLC acquired a new stake in Alphabet during the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC increased its stake in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares during the last quarter. Live Oak Investment Partners acquired a new stake in Alphabet in the fourth quarter valued at $26,000. Artemis Wealth Advisors LLC raised its holdings in Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. Finally, Laurel Wealth Planning LLC boosted its stake in Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.
Alphabet Company Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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