Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the sale, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Alphabet Stock Up 1.2 %
NASDAQ:GOOGL opened at $159.07 on Tuesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock's fifty day moving average is $167.87 and its two-hundred day moving average is $176.28. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on GOOGL. Citigroup lowered their price target on Alphabet from $229.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, April 1st. Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson decreased their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.49.
Get Our Latest Analysis on Alphabet
Hedge Funds Weigh In On Alphabet
Several institutional investors have recently modified their holdings of GOOGL. FMR LLC grew its stake in Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after purchasing an additional 22,100,902 shares in the last quarter. State Street Corp boosted its stake in shares of Alphabet by 0.3% in the 3rd quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after buying an additional 743,369 shares during the period. Geode Capital Management LLC boosted its stake in shares of Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after buying an additional 2,626,431 shares during the period. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter worth about $24,383,677,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Alphabet by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock worth $18,672,198,000 after buying an additional 7,574,417 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
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.
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