Alphabet (NASDAQ:GOOGL) PT Raised to $166.00 at UBS Group

Alphabet (NASDAQ:GOOGL) had its target price increased by UBS Group from $150.00 to $166.00 in a report released on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the information services provider’s stock.

A number of other research analysts also recently commented on the company. Needham & Company LLC reaffirmed a buy rating and set a $160.00 target price on shares of Alphabet in a report on Wednesday, January 31st. JMP Securities reissued a market outperform rating and issued a $160.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the stock a positive rating in a report on Wednesday, January 31st. Redburn Atlantic raised their price target on Alphabet from $150.00 to $165.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Finally, Rosenblatt Securities cut their price target on Alphabet from $174.00 to $172.00 and set a buy rating on the stock in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $156.64.

Alphabet Trading Down 0.3 %

NASDAQ:GOOGL opened at $154.40 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $145.76 and its two-hundred day moving average is $140.19. Alphabet has a 52 week low of $102.63 and a 52 week high of $160.22. The company has a market cap of $1.92 trillion, a PE ratio of 26.62, a P/E/G ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the business posted $1.05 EPS. On average, analysts predict that Alphabet will post 6.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of Alphabet 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 owns 1,777,106 shares in the company, valued at $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold 228,839 shares of company stock worth $32,835,757 in the last three months. 0.88% of the stock is currently owned by insiders.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. Vanguard Group Inc. boosted its position in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp boosted its position in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the last quarter. Norges Bank acquired a new stake in Alphabet during the fourth quarter valued at $15,441,917,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Company Profile

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.