Alphabet (NASDAQ:GOOGL) Price Target Raised to $410.00 at Mizuho

Alphabet (NASDAQ:GOOGLGet Free Report) had its target price upped by stock analysts at Mizuho from $400.00 to $410.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the information services provider’s stock. Mizuho’s price target indicates a potential upside of 23.11% from the company’s previous close.

GOOGL has been the subject of several other reports. KeyCorp reiterated an “overweight” rating and issued a $360.00 target price (up from $330.00) on shares of Alphabet in a research report on Monday, January 26th. CICC Research upped their price objective on Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Truist Financial set a $350.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, December 5th. Roth Mkm reissued a “buy” rating and set a $365.00 target price (up from $310.00) on shares of Alphabet in a report on Tuesday, January 27th. Finally, Barclays restated an “overweight” rating and issued a $360.00 price target on shares of Alphabet in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $344.14.

View Our Latest Stock Report on GOOGL

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $333.04 on Thursday. The company has a market cap of $4.02 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 2.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $321.32 and a 200 day simple moving average of $268.82. Alphabet has a one year low of $140.53 and a one year high of $349.00.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Research analysts predict that Alphabet will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $288.26, for a total value of $800,786.28. Following the transaction, the chief accounting officer directly owned 11,739 shares of the company’s stock, valued at approximately $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders sold 2,035,186 shares of company stock worth $94,458,941 over the last ninety days. Corporate insiders own 11.64% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. Kentucky Trust Co raised its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 100 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of Alphabet during the second quarter worth $31,000. iSAM Funds UK Ltd purchased a new stake in shares of Alphabet during the third quarter worth $53,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet in the third quarter worth $53,000. Institutional investors own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Alphabet Company Profile

(Get Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Featured Articles

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.