Alphabet (NASDAQ:GOOGL) Stock Price Down 0.2%

Alphabet Inc. (NASDAQ:GOOGL) shares were down 0.2% during mid-day trading on Thursday . The company traded as low as $150.17 and last traded at $150.54. Approximately 4,346,434 shares traded hands during trading, a decline of 86% from the average daily volume of 30,841,227 shares. The stock had previously closed at $150.87.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GOOGL shares. BMO Capital Markets lifted their price objective on shares of Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wolfe Research boosted their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Mizuho upped their price target on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Wedbush boosted their price objective on Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, JMP Securities boosted their price objective on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.48.

Alphabet Price Performance

The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.39 and a beta of 1.04. 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 50 day moving average of $143.52 and a 200 day moving average of $138.12.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $70.77 billion. During the same period in the previous year, the firm posted $1.05 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the sale, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 16,088 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares in the company, valued at approximately $7,294,404. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,378 shares of company stock valued at $35,461,377. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOOGL. Live Oak Investment Partners acquired a new position in shares of Alphabet during the 4th quarter worth about $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet in the 4th quarter valued at about $30,000. VitalStone Financial LLC grew its stake in Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after buying an additional 266 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet in the 4th quarter valued at about $34,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Company Profile

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.