Alphabet Inc. (NASDAQ:GOOGL – Get Rating) major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Alphabet Price Performance
Shares of NASDAQ:GOOGL opened at $100.32 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.28 trillion, a PE ratio of 22.04, a PEG ratio of 1.26 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $143.79. The business’s 50 day moving average is $94.79 and its 200-day moving average is $96.32.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same quarter last year, the business earned $1.53 EPS. Sell-side analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.
Hedge Funds Weigh In On Alphabet
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GOOGL. Morgan Stanley raised their price target on Alphabet from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $130.00 price target on shares of Alphabet in a research note on Friday, February 10th. Mizuho cut their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Tigress Financial cut their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Finally, Credit Suisse Group lowered their price objective on Alphabet from $145.00 to $136.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Five analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $132.32.
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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