Alphabet (NASDAQ:GOOGL) Reaches New 52-Week High at $155.68

Shares of Alphabet Inc. (NASDAQ:GOOGLGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $155.68 and last traded at $154.62, with a volume of 12842528 shares. The stock had previously closed at $150.93.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Redburn Atlantic lifted their price target on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Truist Financial reduced their price target on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Wedbush lifted their price target on shares of Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Finally, Rosenblatt Securities reduced their price target on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.39.

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Alphabet Stock Performance

The stock has a market cap of $1.92 trillion, a P/E ratio of 26.65, a PEG ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm’s 50-day moving average price is $144.10 and its 200-day moving average price is $138.58.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the business posted $1.05 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the transaction, the chief executive officer now owns 2,400,191 shares in the company, valued at $341,163,148.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,239 shares of company stock worth $32,432,382. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Live Oak Investment Partners purchased a new stake in shares of Alphabet during the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet in the fourth quarter worth about $30,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet in the fourth quarter worth about $34,000. VitalStone Financial LLC lifted its stake in Alphabet by 1,900.0% in the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after acquiring an additional 266 shares during the period. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Alphabet in the third quarter worth about $38,000. Institutional investors own 40.03% of the company’s stock.

About Alphabet

(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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