Alphabet (NASDAQ:GOOGL) Price Target Increased to $200.00 by Analysts at Jefferies Financial Group

Alphabet (NASDAQ:GOOGL) had its target price upped by Jefferies Financial Group from $180.00 to $200.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

GOOGL has been the subject of several other reports. Roth Mkm decreased their price objective on shares of Alphabet from $166.00 to $164.00 and set a buy rating for the company in a report on Wednesday, January 31st. Truist Financial lifted their price target on shares of Alphabet from $158.00 to $170.00 and gave the company a buy rating in a report on Wednesday, April 17th. Wells Fargo & Company lifted their price target on shares of Alphabet from $141.00 to $168.00 and gave the company an equal weight rating in a report on Friday. Royal Bank of Canada reaffirmed an outperform rating and issued a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, Citigroup lifted their price target on shares of Alphabet from $168.00 to $190.00 and gave the company a buy rating in a report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of Moderate Buy and a consensus target price of $189.44.

Alphabet Price Performance

Shares of GOOGL stock opened at $166.15 on Friday. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.48, a P/E/G ratio of 1.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. Alphabet has a 1-year low of $103.71 and a 1-year high of $174.71. The firm has a fifty day moving average of $148.36 and a two-hundred day moving average of $141.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the business earned $1.17 EPS. As a group, research analysts anticipate that Alphabet will post 6.82 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 253,209 shares of company stock worth $36,711,144 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. M. Kraus & Co raised its stake in Alphabet by 1.1% during the 1st quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after purchasing an additional 66 shares during the last quarter. Wynn Capital LLC raised its stake in Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after purchasing an additional 67 shares during the last quarter. Aire Advisors LLC raised its stake in Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake in Alphabet by 2.1% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 68 shares during the last quarter. Finally, Fiduciary Planning LLC raised its stake in Alphabet by 0.7% during the 1st quarter. Fiduciary Planning LLC now owns 9,219 shares of the information services provider’s stock valued at $1,391,000 after purchasing an additional 68 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other 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.