Alphabet (NASDAQ:GOOGL) Shares Up 0.2%

Alphabet Inc. (NASDAQ:GOOGL)’s stock price was up 0.2% during trading on Tuesday . The stock traded as high as $183.36 and last traded at $183.34. Approximately 3,907,849 shares changed hands during trading, a decline of 86% from the average daily volume of 28,455,457 shares. The stock had previously closed at $182.99.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOGL shares. Citigroup boosted their price objective on shares of Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets reiterated an “outperform” rating and set a $215.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Susquehanna lifted their target price on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research report on Monday, April 29th. UBS Group lifted their target price on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Roth Mkm lifted their target price on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.66.

Alphabet Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50-day simple moving average is $172.85 and its 200-day simple moving average is $154.44. The firm has a market capitalization of $2.27 trillion, a PE ratio of 28.12, a P/E/G ratio of 1.37 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the previous year, the firm earned $1.17 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 142,344 shares of company stock valued at $23,920,676 in the last three months. 11.55% of the stock is currently owned by company insiders.

Institutional Trading of Alphabet

Several institutional investors have recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet during the 4th quarter valued at about $30,000. Tributary Capital Management LLC purchased a new stake in Alphabet in the first quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the 4th quarter worth approximately $38,000. CarsonAllaria Wealth Management Ltd. grew its position in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after purchasing an additional 109 shares during the period. Finally, Richardson Capital Management LLC grew its position in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after purchasing an additional 140 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.