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

Alphabet (NASDAQ:GOOGL) had its price target hoisted by Jefferies Financial Group from $180.00 to $200.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Redburn Atlantic upped 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. Needham & Company LLC upped their price target on Alphabet from $160.00 to $210.00 and gave the stock a buy rating in a research report on Friday. Evercore ISI upped their price target on Alphabet from $160.00 to $220.00 and gave the stock an outperform rating in a research report on Friday. Roth Mkm cut their target price on Alphabet from $166.00 to $164.00 and set a buy rating on the stock in a research report on Wednesday, January 31st. Finally, Truist Financial upped their target price on Alphabet from $158.00 to $170.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $189.44.

Alphabet Stock Down 3.4 %

Alphabet stock opened at $166.15 on Friday. The business has a fifty day moving average of $148.36 and a two-hundred day moving average of $141.62. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. 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. Alphabet has a twelve month low of $103.71 and a twelve month high of $174.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, analysts forecast that Alphabet will post 6.82 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were 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 a total of 253,209 shares of company stock valued at $36,711,144 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Family Office LLC raised its holdings in Alphabet by 25.6% in the 1st quarter. Independent Family Office LLC now owns 2,572 shares of the information services provider’s stock valued at $388,000 after acquiring an additional 525 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Alphabet by 4.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 8,539 shares of the information services provider’s stock valued at $1,285,000 after acquiring an additional 369 shares during the last quarter. OFI Invest Asset Management raised its holdings in Alphabet by 12.0% in the 1st quarter. OFI Invest Asset Management now owns 1,186,114 shares of the information services provider’s stock valued at $165,759,000 after acquiring an additional 126,756 shares during the last quarter. Renaissance Investment Group LLC raised its holdings in Alphabet by 2.6% in the 1st quarter. Renaissance Investment Group LLC now owns 98,523 shares of the information services provider’s stock valued at $14,870,000 after acquiring an additional 2,533 shares during the last quarter. Finally, Privium Fund Management UK Ltd raised its holdings in Alphabet by 59.4% in the 1st quarter. Privium Fund Management UK Ltd now owns 54,100 shares of the information services provider’s stock valued at $8,381,000 after acquiring an additional 20,158 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.