Alphabet (NASDAQ:GOOGL) Shares Up 1.1%

Alphabet Inc. (NASDAQ:GOOGL) shares were up 1.1% on Monday . The stock traded as high as $187.32 and last traded at $187.12. Approximately 4,107,177 shares were traded during trading, a decline of 85% from the average daily volume of 27,871,811 shares. The stock had previously closed at $185.07.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $181.00 price target (down from $182.00) on shares of Alphabet in a report on Friday, June 28th. BMO Capital Markets restated an “outperform” rating and issued a $215.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Argus raised their price target on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Finally, Jefferies Financial Group lifted their price objective on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Six 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. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $195.06.

Alphabet Trading Up 0.6 %

The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The stock’s fifty day moving average price is $177.69 and its two-hundred day moving average price is $157.89.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. During the same period in the prior year, the business earned $1.17 EPS. Equities research analysts forecast that Alphabet Inc. will post 7.61 EPS for the current 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 0.43%. 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, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.50. The disclosure for this sale can be found here. Insiders have sold 122,988 shares of company stock valued at $21,015,755 in the last three months. 11.55% of the stock is currently owned by company insiders.

Institutional Trading of Alphabet

A number of large investors have recently made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Alphabet in the fourth quarter worth approximately $30,000. Tributary Capital Management LLC purchased a new position in shares of Alphabet in the first quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares during the last quarter. Finally, Richardson Capital Management LLC boosted its holdings in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares during the last quarter. 40.03% of the stock is currently owned by 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.