1 week Ago By ABMN Staff
Alphabet Inc. ( NASDAQ:GOOGL – Get Free Report )’s stock price traded up 1.1% on Friday .
The stock traded as high as $156.54 and last traded at $154.44.
9,269,870 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 28,106,056 shares. The stock had previously closed at $152.82.
Wall Street Analyst Weigh In A number of research firms recently issued reports on GOOGL. Piper Sandler cut their target price on shares of Alphabet from $208.00 to $185.
00 and set an “overweight” rating on the stock in a research note on Thursday. Westpark Capital raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. Wedbush boosted their target price on Alphabet from $210.
00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Morgan Stanley cut their price target on Alphabet from $215.
00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.
00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.
com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $206.51. Read Our Latest Stock Report on GOOGL Alphabet Stock Up 2.
8 % Alphabet ( NASDAQ:GOOGL – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Alphabet Inc.
will post 8.9 EPS for the current fiscal year. Alphabet Announces Dividend The business also recently declared 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 0.51%. The ex-dividend date was Monday, March 10th.
Alphabet’s dividend payout ratio is presently 9.94%. Insider Transactions at Alphabet In other news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th.
The stock was sold at an average price of $194.32, for a total transaction of $550,702.88.
Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.
70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, CEO Sundar Pichai sold 32,500 shares of the company’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 transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.
18 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 119,797 shares of company stock valued at $21,089,470.
11.55% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL.
Compass Planning Associates Inc bought a new stake in shares of Alphabet in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd.
lifted its stake in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co.
Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc.
purchased a new stake in Alphabet during the fourth quarter valued at about $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% during the fourth quarter.
PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Finally, Denver PWM LLC increased its holdings in shares of Alphabet by 25.4% in the third quarter.
Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
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