Alphabet (NASDAQ:GOOG) Trading 0.6% Higher

Alphabet Inc. (NASDAQ:GOOG)’s stock price rose 0.6% during trading on Tuesday . The company traded as high as $152.27 and last traded at $152.10. Approximately 4,418,656 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 23,018,373 shares. The stock had previously closed at $151.15.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Raymond James lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average target price of $146.33.

Alphabet Stock Performance

The business has a 50 day moving average price of $144.57 and a two-hundred day moving average price of $139.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $1.89 trillion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the sale, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the sale, the chief accounting officer now owns 27,259 shares in the company, valued at $3,805,628.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The disclosure for this sale can be found here. Insiders sold 251,378 shares of company stock valued at $35,461,377 in the last quarter. Company insiders own 12.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. DC Investments Management LLC purchased a new stake in shares of Alphabet in the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the first quarter worth $184,000. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the last quarter. qPULA Trading Management LP bought a new position in shares of Alphabet during the first quarter valued at $279,000. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

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.