Alphabet (NASDAQ:GOOGL) Trading 0% Higher – Time to Buy?

Alphabet Inc. (NASDAQ:GOOGL) shares rose 0% during trading on Tuesday . The stock traded as high as $201.42 and last traded at $196.70. Approximately 14,821,278 shares were traded during trading, a decline of 46% from the average daily volume of 27,405,076 shares. The stock had previously closed at $196.66.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GOOGL shares. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Truist Financial raised their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Thursday, October 24th. KeyCorp lifted their target price on Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Roth Mkm lifted their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Alphabet Price Performance

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 business has a 50-day moving average price of $172.31 and a two-hundred day moving average price of $170.80. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total value of $3,614,175.00. Following the sale, the chief executive officer now directly owns 2,114,885 shares of the company’s stock, valued at approximately $339,713,977.55. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,623 shares of company stock worth $34,413,006. Insiders own 11.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. Brass Tax Wealth Management Inc. increased its holdings in shares of Alphabet by 1.5% in the third quarter. Brass Tax Wealth Management Inc. now owns 8,625 shares of the information services provider’s stock worth $1,431,000 after purchasing an additional 128 shares during the last quarter. Legacy Wealth Management LLC MS lifted its holdings in shares of Alphabet by 12.1% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 47,077 shares of the information services provider’s stock valued at $7,808,000 after purchasing an additional 5,091 shares during the last quarter. Alternative Investment Advisors LLC. increased its position in shares of Alphabet by 3.4% in the 3rd quarter. Alternative Investment Advisors LLC. now owns 11,063 shares of the information services provider’s stock valued at $1,835,000 after acquiring an additional 360 shares during the period. DGS Capital Management LLC lifted its holdings in shares of Alphabet by 8.7% in the 3rd quarter. DGS Capital Management LLC now owns 17,621 shares of the information services provider’s stock valued at $2,922,000 after buying an additional 1,414 shares during the period. Finally, Garden State Investment Advisory Services LLC raised its holdings in Alphabet by 24.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,936 shares of the information services provider’s stock worth $2,146,000 after purchasing an additional 2,532 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.