2 weeks Ago By Defense World Staff
Alphabet (NASDAQ:GOOGL – Get Free Report) had its target price cut by equities researchers at Truist Financial from $220.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports.
The brokerage currently has a “buy” rating on the information services provider’s stock. Truist Financial’s target price would indicate a potential upside of 32.38% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Roth Mkm reissued a “buy” rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th.
Citigroup reduced their price objective on Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, April 10th.
Wedbush set a $190.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Tuesday. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.
00 target price for the company. in a report on Thursday, February 6th. Finally, Bank of America restated a “buy” rating and set a $210.
00 target price on shares of Alphabet in a report on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.74.Get Our Latest Research Report on AlphabetAlphabet Price PerformanceAlphabet stock opened at $151.
08 on Thursday. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 18.
77, a P/E/G ratio of 1.34 and a beta of 1.03.
The company’s fifty day moving average price is $165.14 and its 200 day moving average price is $175.77.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.
84. Alphabet has a 1 year low of $140.53 and a 1 year high of $207.
05. 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 research analysts anticipate that Alphabet will post 8.9 earnings per share for the current fiscal year. Insider Transactions at AlphabetIn other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 16th.
The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00.
Following the completion of the sale, the chief executive officer now directly owns 2,685,196 shares of the company’s stock, valued at approximately $419,320,207.36. The trade was a 1.
20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd.
The shares were 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 directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.
98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,163 shares of company stock valued at $25,361,647.
11.55% of the stock is currently owned by corporate insiders. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the business.
Compass Planning Associates Inc acquired a new stake in shares of Alphabet during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd.
grew its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co.
Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc.
acquired a new position in Alphabet during the fourth quarter worth approximately $39,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% in 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 boosted 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 valued at $47,000 after acquiring an additional 57 shares during the period. 40.03% of the stock is 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 StoriesFive stocks we like better than AlphabetRussell 2000 Index, How Investors Use it For Profitable Trading3 Mid-Cap to Mega-Cap Stocks Have Announced Significant BuybacksWhat Investors Must Know About Over-the-Counter (OTC) StocksThese 3 Stocks Have Huge Last 12 Months Shareholder YieldsHow to Start Investing in Real EstateProminent Hedge Fund Acquires Huge Stake in HPE: Is It a Buy Now?.
