Jefferies Financial Group Raises Alphabet (NASDAQ:GOOGL) Price Target to $150.00

Alphabet (NASDAQ:GOOGL – Get Rating) had its price target boosted by Jefferies Financial Group from $130.00 to $150.00 in a research report sent to investors on Tuesday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities cut their price target on Alphabet from $130.00 to $128.00 and set a buy rating on the stock in a report on Friday, February 3rd. Royal Bank of Canada upped their price target on Alphabet from $130.00 to $132.00 in a report on Wednesday, April 26th. Truist Financial upped their price target on Alphabet from $120.00 to $122.00 and gave the stock a buy rating in a report on Wednesday, April 26th. Piper Sandler upped their price objective on Alphabet from $117.00 to $128.00 and gave the stock an overweight rating in a research report on Wednesday, April 26th. Finally, Bank of America upped their price objective on Alphabet from $125.00 to $128.00 and gave the stock a buy rating in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $130.56.

Alphabet Price Performance

NASDAQ:GOOGL opened at $123.48 on Tuesday. Alphabet has a 52 week low of $83.34 and a 52 week high of $126.43. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.57 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.56 and a beta of 1.10. The stock’s fifty day moving average is $108.64 and its two-hundred day moving average is $99.13.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter in the previous year, the business earned $1.23 earnings per share. Equities analysts expect that Alphabet will post 5.41 EPS for the current year.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 380 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total transaction of $57,425.55. Following the transaction, the chief accounting officer now owns 25,442 shares of the company’s stock, valued at approximately $2,293,596.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 732,217 shares of company stock valued at $21,135,371 and sold 753,384 shares valued at $30,574,577. Company insiders own 0.88% of the company’s stock.

Institutional Trading of Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. VitalStone Financial LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $25,000. Live Oak Investment Partners acquired a new stake in Alphabet in the 4th quarter valued at approximately $26,000. Laurel Wealth Planning LLC increased its position in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the period. Coston McIsaac & Partners increased its position in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 304 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $33,000. 34.06% of the stock is currently owned by institutional investors and hedge funds.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.