Alphabet (NASDAQ:GOOG) Shares Up 1.9%

Alphabet Inc. (NASDAQ:GOOG) shot up 1.9% during trading on Friday . The stock traded as high as $191.47 and last traded at $190.92. 4,689,474 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 20,928,268 shares. The stock had previously closed at $187.39.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $167.86.

Alphabet Stock Up 2.3 %

The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $176.58 and a two-hundred day simple moving average of $157.00. The stock has a market cap of $2.37 trillion, a P/E ratio of 29.28, a PEG ratio of 1.41 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. Equities research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — 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. Alphabet’s dividend payout ratio is 12.27%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the sale, the chief executive officer now owns 2,227,385 shares in the company, valued at approximately $415,941,874.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total value of $4,201,650.00. Following the completion of the transaction, the chief executive officer now owns 2,227,385 shares of the company’s stock, valued at $415,941,874.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold a total of 146,288 shares of company stock valued at $25,345,053 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Financial Bank Trust Division raised its stake in shares of Alphabet by 28.0% during the second quarter. First Financial Bank Trust Division now owns 9,381 shares of the information services provider’s stock valued at $1,721,000 after acquiring an additional 2,050 shares during the last quarter. Hoese & Co LLP raised its position in Alphabet by 62.5% during the 2nd quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Modus Advisors LLC lifted its holdings in Alphabet by 1.5% during the 2nd quarter. Modus Advisors LLC now owns 38,941 shares of the information services provider’s stock worth $7,142,000 after buying an additional 578 shares during the period. Marcum Wealth LLC grew its position in shares of Alphabet by 3.6% in the 2nd quarter. Marcum Wealth LLC now owns 17,726 shares of the information services provider’s stock valued at $3,251,000 after buying an additional 622 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Alphabet by 1.7% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 112,504 shares of the information services provider’s stock valued at $20,635,000 after buying an additional 1,831 shares during the period. Institutional investors own 27.26% of the company’s stock.

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.