Alphabet (NASDAQ:GOOG) Shares Up 0%

Alphabet Inc. (NASDAQ:GOOG)’s share price was up 0% during trading on Monday . The company traded as high as $166.70 and last traded at $165.40. Approximately 2,833,982 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 20,493,934 shares. The stock had previously closed at $165.39.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. Oppenheimer upped their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, TD Cowen raised their target price on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $182.86.

Alphabet Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 25.37, a PEG ratio of 1.28 and a beta of 1.05. The firm’s fifty day moving average price is $178.60 and its 200-day moving average price is $163.51.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Activity

In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the transaction, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the sale, the chief accounting officer now owns 29,966 shares in the company, valued at approximately $5,209,888.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,308 shares of company stock worth $25,334,530. Corporate insiders own 12.99% of the company’s stock.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of GOOG. Marathon Trading Investment Management LLC acquired a new stake in Alphabet during the 2nd quarter worth about $324,000. Sienna Gestion lifted its position in shares of Alphabet by 9,026.2% in the second quarter. Sienna Gestion now owns 54,940 shares of the information services provider’s stock worth $10,072,000 after purchasing an additional 54,338 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of Alphabet by 0.5% during the second quarter. Carolinas Wealth Consulting LLC now owns 30,974 shares of the information services provider’s stock worth $5,681,000 after purchasing an additional 152 shares during the period. Seven Eight Capital LP purchased a new position in Alphabet during the second quarter valued at approximately $4,315,000. Finally, CCLA Investment Management increased its stake in Alphabet by 1.0% in the 2nd quarter. CCLA Investment Management now owns 1,127,752 shares of the information services provider’s stock valued at $210,230,000 after buying an additional 11,490 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

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.