2 weeks Ago By ABMN Staff
Alphabet ( NASDAQ:GOOGL – Get Free Report ) had its price target reduced by investment analysts at Cantor Fitzgerald from $200.00 to $159.00 in a research note issued on Wednesday, Benzinga reports.
The firm presently has a “neutral” rating on the information services provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 5.24% from the company’s current price.
Cantor Fitzgerald also issued estimates for Alphabet’s FY2025 earnings at $8.33 EPS. A number of other research analysts have also recently commented on the company.
KeyCorp reduced their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th.
JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Thursday, April 10th. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $225.
00 and gave the stock a “buy” rating in a research report on Monday, January 13th. UBS Group set a $190.00 target price on Alphabet in a research note on Thursday, March 27th.
Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Ten 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 company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.74. Get Our Latest Stock Report on GOOGL Alphabet Stock Performance Alphabet ( NASDAQ:GOOGL – Get Free Report ) last announced its earnings results on Tuesday, February 4th.
The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.
03. Alphabet had a net margin of 28.60% and a return on equity of 32.
49%. As a group, equities analysts forecast that Alphabet will post 8.9 earnings per share for the current fiscal year.
Insider Buying and Selling In related news, 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 value of $5,153,200.
00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76.
This represents a 1.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink .
Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s 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 sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84.
This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 115,663 shares of company stock valued at $20,286,447 over the last ninety days. Company insiders own 11.55% of the company’s stock.
Institutional Investors Weigh In On Alphabet Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Bennett Selby Investments LP grew its position in shares of Alphabet by 4.0% in the fourth quarter.
Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock valued at $256,000 after purchasing an additional 52 shares during the last quarter. Macroview Investment Management LLC boosted its stake in Alphabet by 4.2% in the 4th quarter.
Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock valued at $245,000 after purchasing an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. increased its position in Alphabet by 0.
5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock worth $1,864,000 after buying an additional 53 shares during the period.
Cornerstone Planning Group LLC lifted its holdings in shares of Alphabet by 2.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock worth $457,000 after buying an additional 53 shares in the last quarter.
Finally, Addison Advisors LLC boosted its position in shares of Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after acquiring an additional 53 shares during the period.
Institutional investors own 40.03% of the company’s stock. About Alphabet ( 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. Further Reading 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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