Shares of Alphabet (NASDAQ:GOOG) rose 0.5%

Alphabet Inc. (NASDAQ:GOOG – Get Your Free Report ) rose 0.5% on Friday. The stock traded as high as $164.84 and last traded at $164.15. 3,020,335 shares traded hands during mid-day trading, down 85% from the session’s average volume of 20,069,137 shares. Shares previously closed at $163.40.

Analysts set new price targets

Several analysts recently issued reports on GOOG shares. TD Cowen upped their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28. Oppenheimer boosted their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $182.86, according to MarketBeat.com.

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Alphabet price performance

The firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The company has a fifty day moving average of $175.10 and a two hundred day moving average of $165.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08, and a current ratio of 2.08.

Alphabet (NASDAQ:GOOG – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the previous year, the firm earned $1.44 EPS. The company’s revenue increased by 13.6% year-on-year. As a group, research analysts predict that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabetical announcement of dividends

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 9. This represents an annualized dividend of $0.80 and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider buying and selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at $5,209,888.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares in the company, valued at approximately $415,941,874.90. The disclosure for this sale can be found here. Insiders have sold a total of 179,065 shares of company stock worth $31,025,543 in the last ninety days. 12.99% of shares are currently owned by corporate insiders.

Institutional investors intervene in the alphabet

Several institutional investors and hedge funds have recently bought and sold shares of GOOG. International Assets Investment Management LLC bought a new position in shares of Alphabet in the 4th quarter valued at $8,232,000. GUNN & Co INVESTMENT MANAGEMENT INC. raised its stake in Alphabet by 964.3% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 482,698 shares of the information services provider’s stock valued at $68,027,000 after purchasing an additional 437,345 shares in the last quarter. Gilbert & Cook Inc. boosted its position in Alphabet by 15.5% in the fourth quarter. Gilbert & Cook Inc. now owns 29,159 shares of the information services provider’s stock valued at $4,109,000 after buying an additional 3,924 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Alphabet by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,980,721 shares of the information services provider’s stock worth $279,143,000 after buying an additional 48,640 shares in the last quarter. Finally, Natixis Advisors LP boosted its holdings in shares of Alphabet by 5.3% in the fourth quarter. Natixis Advisors LP now owns 2,675,163 shares of the information services provider’s stock worth $377,010,000 after purchasing an additional 135,028 shares in the last quarter. Institutional investors own 27.26% of the company’s shares.

Alphabet Company Profile

(Get a free report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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