Alphabet (NASDAQ:GOOGL) Price Target Raised to $225.00 at Stifel Nicolaus

Alphabet (NASDAQ:GOOGL) had its price objective raised by equities researchers at Stifel Nicolaus from $200.00 to $225.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 18.63% from the company’s current price.

Several other equities research analysts also recently weighed in on GOOGL. Evercore ISI upped their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets restated an “outperform” rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Loop Capital lifted their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Trading Down 0.7 %

Shares of GOOGL stock opened at $189.66 on Monday. Alphabet has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s fifty day moving average is $183.45 and its two-hundred day moving average is $173.04. The firm has a market capitalization of $2.32 trillion, a P/E ratio of 25.15, a PEG ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Research analysts expect that Alphabet will post 8.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,553 shares of company stock worth $23,817,951. 11.55% of the stock is owned by insiders.

Institutional Trading of Alphabet

Hedge funds have recently added to or reduced their stakes in the business. Mason & Associates Inc raised its holdings in Alphabet by 7.5% in the fourth quarter. Mason & Associates Inc now owns 7,027 shares of the information services provider’s stock valued at $1,330,000 after buying an additional 491 shares during the period. West Financial Advisors LLC boosted its position in Alphabet by 30.1% during the 4th quarter. West Financial Advisors LLC now owns 2,601 shares of the information services provider’s stock worth $492,000 after purchasing an additional 601 shares during the period. Flywheel Private Wealth LLC acquired a new stake in Alphabet in the 4th quarter valued at $210,000. Winch Advisory Services LLC increased its holdings in Alphabet by 1.3% in the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock valued at $830,000 after purchasing an additional 58 shares in the last quarter. Finally, Rovin Capital UT ADV raised its position in Alphabet by 14.5% in the fourth quarter. Rovin Capital UT ADV now owns 9,910 shares of the information services provider’s stock valued at $1,876,000 after purchasing an additional 1,253 shares during the period. 40.03% of the stock is 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.