Alphabet (NASDAQ:GOOGL) Price Target Increased to $225.00 by Analysts at Susquehanna

Alphabet (NASDAQ:GOOGL) had its price target boosted by investment analysts at Susquehanna from $170.00 to $225.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “positive” rating on the information services provider’s stock. Susquehanna’s price target points to a potential upside of 32.55% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Oppenheimer boosted their price target on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Rosenblatt Securities upped their price objective on Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp upped their price objective on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Wolfe Research upped their price objective on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.44.

Alphabet Stock Down 1.3 %

Shares of NASDAQ:GOOGL opened at $169.75 on Monday. The stock has a fifty day simple moving average of $147.85 and a two-hundred day simple moving average of $141.42. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.57 and a beta of 1.05. Alphabet has a 12-month low of $103.71 and a 12-month high of $174.71. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. On average, research analysts anticipate that Alphabet will post 6.82 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock worth $36,746,578. 0.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOGL. Norges Bank bought a new stake in Alphabet during the 4th quarter valued at $15,441,917,000. FMR LLC raised its position in Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after purchasing an additional 12,070,681 shares in the last quarter. Vanguard Group Inc. raised its position in Alphabet by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after purchasing an additional 6,374,756 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in Alphabet by 39,754.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock valued at $841,725,000 after purchasing an additional 6,010,548 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Alphabet by 4,894.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after purchasing an additional 5,336,359 shares in the last quarter. 40.03% of the stock is owned by 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.