Alphabet (NASDAQ:GOOG) Stock Price Up 0.1%

Alphabet Inc. (NASDAQ:GOOG) was up 0.1% during trading on Monday . The company traded as high as $158.15 and last traded at $155.86. Approximately 5,046,245 shares changed hands during trading, a decline of 77% from the average daily volume of 21,989,414 shares. The stock had previously closed at $155.72.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James boosted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer raised their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Finally, Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $159.86.

Alphabet Trading Up 1.2 %

The company has a market capitalization of $1.99 trillion, a PE ratio of 27.57, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The business has a fifty day moving average price of $147.92 and a 200 day moving average price of $142.27.

Alphabet (NASDAQ:GOOG) last announced 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 net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. Alphabet’s revenue was up 13.5% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock valued at $36,377,482 over the last three months. 12.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

A number of hedge funds have recently bought and sold shares of the business. Caliber Wealth Management LLC raised its stake in shares of Alphabet by 2.6% in the 3rd quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider’s stock valued at $2,905,000 after purchasing an additional 551 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in Alphabet by 40.7% during the 3rd quarter. OneAscent Financial Services LLC now owns 4,813 shares of the information services provider’s stock worth $635,000 after buying an additional 1,392 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in shares of Alphabet by 2.3% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 31,836 shares of the information services provider’s stock worth $4,198,000 after acquiring an additional 716 shares in the last quarter. SignalPoint Asset Management LLC increased its holdings in shares of Alphabet by 1.7% in the 3rd quarter. SignalPoint Asset Management LLC now owns 26,638 shares of the information services provider’s stock valued at $3,512,000 after acquiring an additional 450 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in shares of Alphabet by 27.1% in the 3rd quarter. Mascoma Wealth Management LLC now owns 2,670 shares of the information services provider’s stock valued at $352,000 after acquiring an additional 570 shares during the last quarter. 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.