Alphabet (NASDAQ:GOOGL) Given New $190.00 Price Target at Mizuho

Alphabet (NASDAQ:GOOGL) had its price objective lifted by Mizuho from $170.00 to $190.00 in a report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

A number of other brokerages have also weighed in on GOOGL. Wells Fargo & Company reduced their price objective on Alphabet from $144.00 to $141.00 and set an equal weight rating on the stock in a research report on Wednesday, April 3rd. Barclays lowered their price objective on Alphabet from $180.00 to $173.00 and set an overweight rating for the company in a research note on Wednesday, January 31st. Jefferies Financial Group lifted their target price on shares of Alphabet from $175.00 to $180.00 and gave the stock a buy rating in a research report on Friday, April 19th. Royal Bank of Canada restated an outperform rating and issued a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Finally, KeyCorp boosted their price objective on shares of Alphabet from $165.00 to $175.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $187.82.

Alphabet Stock Up 10.2 %

Shares of NASDAQ GOOGL opened at $171.95 on Friday. The stock has a market capitalization of $2.14 trillion, a P/E ratio of 26.37, a PEG ratio of 1.43 and a beta of 1.05. The stock’s fifty day moving average is $147.85 and its 200 day moving average is $141.39. Alphabet has a 52 week low of $103.54 and a 52 week high of $174.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current 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, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet will post 6.79 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insiders Place Their Bets

In other news, 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 transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock worth $36,746,578 in the last quarter. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

About Alphabet

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.