Alphabet (NASDAQ:GOOGL) Price Target Raised to $200.00 at Barclays

Alphabet (NASDAQ:GOOGL) had its target price upped by stock analysts at Barclays from $173.00 to $200.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the information services provider’s stock. Barclays‘s price objective suggests a potential upside of 16.31% from the company’s current price.

A number of other brokerages also recently commented on GOOGL. Redburn Atlantic raised their price objective on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Wolfe Research raised their price objective on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. KeyCorp raised their price objective on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Jefferies Financial Group raised their target price on Alphabet from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Needham & Company LLC raised their target price on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Stock Performance

GOOGL opened at $171.95 on Friday. The firm has a market capitalization of $2.14 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The stock’s 50 day moving average price is $147.85 and its two-hundred day moving average price is $141.42. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet has a 12-month low of $103.54 and a 12-month high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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 30.01% and a net margin of 25.90%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the company earned $1.05 EPS. On average, equities analysts forecast that Alphabet will post 6.79 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock valued at $36,746,578 over the last three months. Company insiders own 0.88% of the company’s stock.

Institutional Trading of Alphabet

Institutional investors have recently modified their holdings of the company. M. Kraus & Co boosted its stake in shares of Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after buying an additional 66 shares during the period. Wynn Capital LLC boosted its stake in shares of Alphabet by 3.9% in the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after buying an additional 67 shares during the period. Aire Advisors LLC boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares during the period. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of Alphabet by 2.1% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after buying an additional 68 shares during the period. Finally, Penbrook Management LLC boosted its stake in shares of Alphabet by 0.3% in the first quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider’s stock valued at $3,497,000 after buying an additional 70 shares during the period. 40.03% of the stock is currently owned by institutional investors.

About Alphabet

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.