Alphabet (NASDAQ:GOOGL) Trading Up 0%

Alphabet Inc. (NASDAQ:GOOGL) shares shot up 0% on Monday . The company traded as high as $183.77 and last traded at $182.21. 4,676,337 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 28,561,201 shares. The stock had previously closed at $182.15.

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOGL shares. Wolfe Research boosted their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Bank of America reissued a “buy” rating and set a $200.00 price target on shares of Alphabet in a research report on Tuesday, June 11th. Loop Capital raised their price objective on Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Susquehanna upped their target price on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday, April 29th. Finally, 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. Six analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Alphabet Stock Performance

The firm has a fifty day simple moving average of $172.85 and a 200-day simple moving average of $154.44. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.37 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.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the company posted $1.17 EPS. Analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors 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 currently 12.27%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the transaction, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. Insiders sold a total of 143,026 shares of company stock worth $24,026,243 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Hedge Funds Weigh In On Alphabet

A number of large investors have recently modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet in the 4th quarter valued at about $30,000. Tributary Capital Management LLC acquired a new stake in Alphabet in the 1st quarter valued at about $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. CarsonAllaria Wealth Management Ltd. lifted its stake in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares during the last quarter. Finally, Richardson Capital Management LLC lifted its stake in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 140 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.