Alphabet Inc. (NASDAQ:GOOG - Get Free Report)'s share price was down 0.3% during trading on Tuesday . The stock traded as low as $180.99 and last traded at $181.38. Approximately 3,539,565 shares changed hands during trading, a decline of 82% from the average daily volume of 19,558,510 shares. The stock had previously closed at $181.97.
Several research firms have commented on GOOG. Citigroup lifted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. DA Davidson raised Alphabet to a "hold" rating in a research note on Tuesday, September 10th. Oppenheimer raised their price target on shares of Alphabet from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on Alphabet in a research report on Friday, October 11th. They set a "sector outperform" rating and a $212.00 target price for the company. Finally, Barclays upped their target price on Alphabet from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $200.56.
Read Our Latest Analysis on Alphabet
The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.24 trillion, a PE ratio of 24.06, a P/E/G ratio of 1.26 and a beta of 1.04. The firm's 50-day simple moving average is $165.25 and its two-hundred day simple moving average is $171.44.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The business's revenue was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, December 9th. Alphabet's payout ratio is currently 10.61%.
In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the sale, the director now owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares of the company's stock, valued at approximately $369,672,512.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the transaction, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,752 shares of company stock worth $40,156,829 in the last ninety days. 12.99% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GOOG. Abich Financial Wealth Management LLC increased its position in Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock worth $34,000 after buying an additional 184 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Alphabet during the second quarter worth $37,000. HWG Holdings LP purchased a new position in shares of Alphabet in the second quarter valued at $40,000. Sanctuary Wealth Management L.L.C. raised its holdings in Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock worth $42,000 after purchasing an additional 117 shares in the last quarter. Finally, Slocum Gordon & Co LLP bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $44,000. Institutional investors own 27.26% of the company's stock.
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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