Alphabet (NASDAQ:GOOGL) Trading 0% Higher

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GOOGL shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Barclays boosted their target price on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Wedbush boosted their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and issued a $200.00 target price (up from $160.00) on shares of Alphabet in a research note on Friday, April 26th. Finally, TD Cowen boosted their target price on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Stock Performance

The company’s 50-day moving average price is $172.85 and its 200 day moving average price is $154.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market capitalization of $2.26 trillion, a PE ratio of 27.95, a PEG ratio of 1.37 and a beta of 1.05.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The disclosure for this sale can be found here. Insiders sold a total of 143,026 shares of company stock valued at $24,026,243 in the last three months. Company insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Institutional investors have recently modified their holdings of the business. W Advisors LLC grew its position in Alphabet by 5.3% during the third quarter. W Advisors LLC now owns 4,440 shares of the information services provider’s stock valued at $581,000 after buying an additional 225 shares during the period. Valley National Advisers Inc. increased its stake in shares of Alphabet by 8.8% in the 3rd quarter. Valley National Advisers Inc. now owns 17,741 shares of the information services provider’s stock worth $2,322,000 after purchasing an additional 1,440 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Alphabet by 10.1% in the 3rd quarter. Truvestments Capital LLC now owns 8,173 shares of the information services provider’s stock worth $1,070,000 after purchasing an additional 751 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Alphabet by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 2,720,789 shares of the information services provider’s stock worth $356,042,000 after purchasing an additional 10,237 shares during the period. Finally, Towercrest Capital Management lifted its position in Alphabet by 1.8% during the third quarter. Towercrest Capital Management now owns 7,492 shares of the information services provider’s stock valued at $980,000 after purchasing an additional 130 shares in 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.