Alphabet (NASDAQ:GOOG) Shares Down 1%

Alphabet Inc. (NASDAQ:GOOG) was down 1% on Monday . The stock traded as low as $189.32 and last traded at $190.05. Approximately 3,483,076 shares were traded during trading, a decline of 83% from the average daily volume of 20,871,713 shares. The stock had previously closed at $191.96.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GOOG shares. TD Cowen upped their price target on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus upped their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a report on Friday, June 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.38.

Alphabet Stock Up 1.2 %

The business has a 50-day simple moving average of $177.92 and a two-hundred day simple moving average of $158.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the transaction, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now owns 9 shares in the company, valued at approximately $1,655.91. The disclosure for this sale can be found here. Insiders sold 146,288 shares of company stock valued at $25,345,053 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GOOG. Hohimer Wealth Management LLC acquired a new position in shares of Alphabet in the third quarter worth about $311,000. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Alphabet in the third quarter valued at about $349,000. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Alphabet in the third quarter valued at about $5,980,000. Trust Co. of Vermont increased its holdings in Alphabet by 3.0% in the third quarter. Trust Co. of Vermont now owns 363,136 shares of the information services provider’s stock valued at $47,879,000 after buying an additional 10,486 shares during the last quarter. Finally, IMA Wealth Inc. increased its holdings in Alphabet by 4,971.6% in the third quarter. IMA Wealth Inc. now owns 24,445 shares of the information services provider’s stock valued at $3,223,000 after buying an additional 23,963 shares during the last quarter. Institutional investors and hedge funds own 27.26% 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.