Alphabet Inc. (NASDAQ:GOOGL) Receives $210.59 Consensus Target Price from Brokerages

Alphabet Inc. (NASDAQ:GOOGL) has been assigned a consensus rating of “Moderate Buy” from the forty-three research firms that are presently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $210.59.

Several research firms have issued reports on GOOGL. Piper Sandler dropped their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a “neutral” rating and set a $205.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th.

Alphabet Trading Down 1.7 %

Shares of GOOGL opened at $162.24 on Friday. Alphabet has a fifty-two week low of $147.22 and a fifty-two week high of $207.05. The business has a 50-day moving average of $180.49 and a 200 day moving average of $176.68. The firm has a market cap of $1.98 trillion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. 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 (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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, research analysts forecast that Alphabet will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet’s payout ratio is currently 9.94%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,812 shares of company stock valued at $19,336,979 in the last quarter. Insiders own 11.55% of the company’s stock.

Institutional Trading of Alphabet

Large investors have recently bought and sold shares of the company. Schear Investment Advisers LLC lifted its position in Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider’s stock valued at $5,598,000 after acquiring an additional 4,905 shares during the period. Permanent Capital Management LP purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $273,000. Landscape Capital Management L.L.C. boosted its position in shares of Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider’s stock worth $4,192,000 after purchasing an additional 5,516 shares in the last quarter. Glass Wealth Management Co LLC grew its stake in shares of Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock worth $7,014,000 after buying an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC increased its position in Alphabet by 9.1% during the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider’s stock valued at $1,700,000 after buying an additional 746 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

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.