Alphabet (NASDAQ:GOOGL) Trading Down 0%

Alphabet Inc. (NASDAQ:GOOGL) shares fell 0% on Wednesday . The company traded as low as $182.48 and last traded at $183.99. 5,123,749 shares changed hands during trading, a decline of 82% from the average session volume of 28,711,092 shares. The stock had previously closed at $184.03.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective (up from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Wedbush raised their price objective on Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Morgan Stanley reissued an “overweight” rating and set a $195.00 price target on shares of Alphabet in a research report on Wednesday, May 15th. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Finally, TD Cowen upped their price objective on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $193.69.

Alphabet Price Performance

The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.27 trillion, a PE ratio of 28.19, a PEG ratio of 1.38 and a beta of 1.01. The stock has a 50-day moving average price of $171.13 and a 200 day moving average price of $153.36.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the firm earned $1.17 EPS. Equities analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at $362,012,608.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the transaction, the chief executive officer now directly owns 2,325,513 shares in the company, valued at $362,012,608.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,374 shares of company stock worth $24,548,073. Insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently modified their holdings of the company. RWQ Financial Management Services Inc. raised its holdings in Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after buying an additional 4,664 shares during the period. Picton Mahoney Asset Management raised its stake in shares of Alphabet by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock valued at $29,956,000 after acquiring an additional 76,410 shares during the period. Robbins Farley lifted its stake in Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after purchasing an additional 118 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at $787,000. Finally, CKW Financial Group raised its holdings in shares of Alphabet by 5.8% in the 1st quarter. CKW Financial Group now owns 13,830 shares of the information services provider’s stock valued at $2,150,000 after buying an additional 760 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.