Alphabet (NASDAQ:GOOGL) PT Raised to $175.00 at KeyCorp

Alphabet (NASDAQ:GOOGL) had its price objective boosted by KeyCorp from $165.00 to $175.00 in a research note issued to investors on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the information services provider’s stock.

A number of other equities analysts also recently commented on GOOGL. Jefferies Financial Group lifted their price objective on Alphabet from $175.00 to $180.00 and gave the stock a buy rating in a research report on Friday, April 19th. Mizuho lifted their price objective on Alphabet from $155.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Barclays cut their target price on Alphabet from $180.00 to $173.00 and set an overweight rating for the company in a research note on Wednesday, January 31st. Needham & Company LLC reissued a buy rating and set a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued an outperform rating and set a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $158.71.

Alphabet Stock Performance

NASDAQ GOOGL opened at $156.00 on Monday. The company has a market cap of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The stock’s 50 day simple moving average is $147.22 and its 200-day simple moving average is $141.16. Alphabet has a 1-year low of $102.63 and a 1-year high of $160.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the business posted $1.05 earnings per share. As a group, equities research analysts anticipate that Alphabet will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold 251,339 shares of company stock valued at $36,377,482 in the last three months. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of Alphabet

A number of institutional investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at about $30,000. Tributary Capital Management LLC purchased a new stake in shares of Alphabet in the 1st quarter valued at about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Meritage Group LP lifted its holdings in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC lifted its holdings in shares of Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. 40.03% of the stock is 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.