Alphabet (NASDAQ:GOOGL) Price Target Raised to $225.00 at Evercore ISI

Alphabet (NASDAQ:GOOGLGet Free Report) had its price target lifted by equities researchers at Evercore ISI from $220.00 to $225.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the information services provider’s stock. Evercore ISI’s price objective would suggest a potential upside of 28.56% from the company’s previous close.

Several other research firms also recently weighed in on GOOGL. Truist Financial lifted their price target on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Mizuho boosted their target price on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Stifel Nicolaus restated a “buy” rating and set a $196.00 price objective on shares of Alphabet in a report on Wednesday, May 15th. Finally, Wells Fargo & Company increased their target price on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.71.

Read Our Latest Analysis on GOOGL

Alphabet Stock Up 0.3 %

Shares of NASDAQ GOOGL opened at $175.01 on Tuesday. The company’s 50 day moving average price is $166.20 and its 200-day moving average price is $149.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet has a 52-week low of $115.35 and a 52-week high of $178.77. The company has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the company posted $1.17 EPS. Equities analysts forecast that Alphabet will post 7.6 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $149.50, for a total value of $74,750.00. Following the transaction, the director now owns 8,791 shares of the company’s stock, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now directly owns 8,791 shares of the company’s stock, valued at $1,314,254.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares in the company, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. Insiders sold a total of 157,458 shares of company stock worth $25,538,973 over the last three months. 11.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of the stock. RWQ Financial Management Services Inc. grew its stake in shares of Alphabet by 8.2% in the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management grew its position in shares of Alphabet by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock worth $29,956,000 after buying an additional 76,410 shares during the last quarter. Robbins Farley increased its stake in shares of Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock valued at $2,096,000 after buying an additional 118 shares during the period. CKW Financial Group raised its holdings in shares of Alphabet by 5.8% during the first quarter. CKW Financial Group now owns 13,830 shares of the information services provider’s stock valued at $2,150,000 after acquiring an additional 760 shares in the last quarter. Finally, Quantum Financial Advisors LLC lifted its stake in Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after acquiring an additional 564 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Company Profile

(Get Free Report)

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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