Alphabet (NASDAQ:GOOGL) Shares Down 0.4%

Alphabet Inc. (NASDAQ:GOOGL)’s stock price traded down 0.4% on Monday . The company traded as low as $164.85 and last traded at $164.96. 3,483,655 shares traded hands during trading, a decline of 87% from the average session volume of 27,814,631 shares. The stock had previously closed at $165.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho upped 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. Royal Bank of Canada upped their target price on shares of Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. TD Securities upped their target price on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Evercore ISI upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Finally, Tigress Financial upped their price objective on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $203.74.

Alphabet Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $2.01 trillion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The business’s 50-day moving average price is $174.30 and its 200-day moving average price is $163.55.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $70.60 billion. During the same period last year, the firm posted $1.44 EPS. As a group, analysts expect that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed 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 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s 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 sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total value of $3,973,050.00. Following the sale, the chief executive officer now directly owns 2,235,511 shares in the company, valued at approximately $394,746,532.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was 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 in the company, valued at $5,209,888.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,565 shares of company stock worth $26,823,893. Corporate insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Tennessee Valley Asset Management Partners purchased a new position in Alphabet in the 4th quarter valued at about $100,000. CWM LLC increased its stake in shares of Alphabet by 33.7% during the 4th quarter. CWM LLC now owns 711,129 shares of the information services provider’s stock valued at $99,338,000 after acquiring an additional 179,437 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Alphabet by 3.8% during the 4th quarter. Handelsbanken Fonder AB now owns 2,864,224 shares of the information services provider’s stock valued at $400,103,000 after acquiring an additional 105,132 shares during the last quarter. Nikulski Financial Inc. increased its stake in shares of Alphabet by 2.4% during the 4th quarter. Nikulski Financial Inc. now owns 57,985 shares of the information services provider’s stock valued at $8,100,000 after acquiring an additional 1,344 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in shares of Alphabet during the 4th quarter valued at about $3,229,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.