Alphabet (NASDAQ:GOOG) Trading 0.1% Higher

Shares of Alphabet Inc. (NASDAQ:GOOG) were up 0.1% during mid-day trading on Monday . The stock traded as high as $185.24 and last traded at $183.63. Approximately 4,076,131 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 21,175,682 shares. The stock had previously closed at $183.42.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday. Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.86.

Alphabet Stock Up 0.5 %

The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.38 and a beta of 1.05. 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 firm’s 50 day simple moving average is $174.40 and its 200-day simple moving average is $155.84.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the business posted $1.17 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the 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 completion of the transaction, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the sale, the director now owns 3,727 shares in the company, valued at $663,107.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,026 shares of company stock valued at $24,026,243. 12.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOG. Bright Futures Wealth Management LLC. purchased a new stake in Alphabet in the 1st quarter valued at approximately $3,144,000. Keynote Financial Services LLC purchased a new stake in shares of Alphabet in the first quarter valued at $748,000. Mosaic Family Wealth Partners LLC boosted its stake in shares of Alphabet by 2.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 18,452 shares of the information services provider’s stock valued at $2,809,000 after acquiring an additional 382 shares during the last quarter. Jackson Wealth Management LLC increased its position in Alphabet by 5.5% during the 1st quarter. Jackson Wealth Management LLC now owns 41,148 shares of the information services provider’s stock worth $6,265,000 after purchasing an additional 2,131 shares in the last quarter. Finally, American Trust raised its stake in Alphabet by 1.2% in the 1st quarter. American Trust now owns 9,929 shares of the information services provider’s stock valued at $1,512,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 27.26% 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.