1 week Ago By Defense World Staff
Alphabet ( NASDAQ:GOOGL – Free Report ) had its price objective upped by Wolfe Research from $220.00 to $230.00 in a report released on Friday morning, Benzinga reports.
Wolfe Research currently has an outperform rating on the information services provider’s stock. A number of other equities research analysts also recently issued reports on GOOGL. Wells Fargo & Company boosted their price target on Alphabet from $182.
00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Pivotal Research boosted their target price on Alphabet from $215.
00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Alphabet from $190.
00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $210.
00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Finally, KeyCorp increased their price objective on shares of Alphabet from $200.00 to $215.
00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.
com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $206.44. Check Out Our Latest Report on Alphabet Alphabet Stock Performance Alphabet ( NASDAQ:GOOGL – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 29th.
The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.
29. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.
85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.
74%. During the same quarter last year, the firm earned $1.55 earnings per share.
On average, equities analysts expect that Alphabet will post 8.01 EPS for the current year. Alphabet Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, December 16th.
Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.
80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, December 9th.
Alphabet’s dividend payout ratio is currently 10.61%. Insiders Place Their Bets In other news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd.
The stock was sold at an average price of $191.55, for a total transaction of $262,040.40.
Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.
20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th.
The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40.
Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.
66 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last quarter.
11.55% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Alphabet Institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Denver PWM LLC increased its stake 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 purchasing an additional 57 shares in the last quarter.
First PREMIER Bank grew its stake in Alphabet by 3.8% in the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock valued at $275,000 after buying an additional 61 shares in the last quarter.
Cutler Investment Counsel LLC grew its stake in Alphabet by 1.7% in the 3rd quarter. Cutler Investment Counsel LLC now owns 3,663 shares of the information services provider’s stock valued at $607,000 after buying an additional 61 shares in the last quarter.
MKT Advisors LLC raised its holdings in Alphabet by 0.8% during the 3rd quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider’s stock valued at $1,221,000 after acquiring an additional 62 shares during the period.
Finally, Mendota Financial Group LLC lifted its position in shares of Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter.
40.03% of the stock is currently owned by institutional investors and hedge funds. 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 Five stocks we like better than Alphabet Following Congress Stock Trades Insiders Are Selling, But These 3 Stocks Are Must-Buys What Are Dividends? Buy the Best Dividend Stocks Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge How to Calculate Return on Investment (ROI) Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’ 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.
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