1 week Ago By ABMN Staff
Alphabet Inc. ( NASDAQ:GOOG – Get Free Report ) shares rose 0.9% during trading on Friday .
The stock traded as high as $158.83 and last traded at $156.76.
Approximately 6,603,243 shares traded hands during trading, a decline of 66% from the average daily volume of 19,345,160 shares. The stock had previously closed at $155.37.
Analyst Ratings Changes Several equities research analysts have weighed in on the company. KeyCorp cut their target price on Alphabet from $202.00 to $185.
00 and set an “overweight” rating for the company in a research note on Wednesday. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush reissued an “outperform” rating and issued a $220.
00 target price on shares of Alphabet in a report on Thursday, January 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.
00 price target on shares of Alphabet in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.
com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.71. Check Out Our Latest Stock Analysis on Alphabet Alphabet Price Performance Alphabet ( NASDAQ:GOOG – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 4th.
The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.
03. Alphabet had a return on equity of 32.49% and a net margin of 28.
60%. As a group, analysts anticipate that Alphabet Inc. will post 8.
89 earnings per share for the current year. Alphabet Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.
20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.
50%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.
94%. Insider Activity at Alphabet In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.
56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.
76. The trade was a 1.18 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.
08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.
84. This represents a 6.98 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 119,797 shares of company stock worth $21,089,470 in the last quarter. Company insiders own 12.
99% of the company’s stock. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business. Sterling Financial Planning Inc.
raised its holdings in shares of Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc.
now owns 1,941 shares of the information services provider’s stock worth $370,000 after acquiring an additional 50 shares during the last quarter. Arlington Trust Co LLC raised its stake in shares of Alphabet by 0.4% in the fourth quarter.
Arlington Trust Co LLC now owns 14,423 shares of the information services provider’s stock worth $2,747,000 after purchasing an additional 52 shares during the last quarter. Harrell Investment Partners LLC lifted its holdings in shares of Alphabet by 0.9% in the fourth quarter.
Harrell Investment Partners LLC now owns 5,659 shares of the information services provider’s stock valued at $1,078,000 after purchasing an additional 53 shares in the last quarter. Ethos Financial Group LLC boosted its position in shares of Alphabet by 0.7% during the fourth quarter.
Ethos Financial Group LLC now owns 7,300 shares of the information services provider’s stock valued at $1,395,000 after buying an additional 53 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in Alphabet by 1.
1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider’s stock worth $966,000 after buying an additional 54 shares in the last quarter.
Institutional investors and hedge funds own 27.26% of the company’s stock. Alphabet Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.
com's FREE daily email newsletter ..
