Alphabet (NASDAQ:GOOGL) Stock Price Up 0%

Alphabet Inc. (NASDAQ:GOOGL) shares shot up 0% during trading on Friday . The company traded as high as $151.43 and last traded at $150.93. 24,485,390 shares were traded during mid-day trading, a decline of 29% from the average session volume of 34,518,160 shares. The stock had previously closed at $150.87.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. JMP Securities upped their price objective on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Wolfe Research upped their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities lowered their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Redburn Atlantic raised their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Mizuho raised their price target on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.48.

Alphabet Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.04. The stock has a 50 day simple moving average of $143.52 and a two-hundred day simple moving average of $138.12.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the firm earned $1.05 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares in the company, valued at $7,294,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The disclosure for this sale can be found here. Insiders have sold a total of 251,138 shares of company stock worth $35,427,655 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Live Oak Investment Partners acquired a new position in Alphabet in the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet in the 4th quarter valued at approximately $30,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet in the 4th quarter valued at approximately $34,000. VitalStone Financial LLC boosted its holdings in Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 266 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Alphabet in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 40.03% 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.