Jefferies Financial Group Raises Alphabet (NASDAQ:GOOGL) Price Target to $150.00

Alphabet (NASDAQ:GOOGL – Get Rating) had its target price hoisted by Jefferies Financial Group from $130.00 to $150.00 in a research note published on Tuesday morning, The Fly reports.

Several other brokerages have also recently commented on GOOGL. Rosenblatt Securities dropped their target price on shares of Alphabet from $130.00 to $128.00 and set a buy rating for the company in a research report on Friday, February 3rd. MKM Partners boosted their target price on shares of Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 and gave the company an outperform rating in a research report on Wednesday, April 26th. UBS Group boosted their target price on shares of Alphabet from $120.00 to $123.00 and gave the company a buy rating in a research report on Thursday, April 6th. Finally, Oppenheimer boosted their target price on shares of Alphabet from $135.00 to $145.00 and gave the company an outperform rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $130.56.

Alphabet Stock Performance

NASDAQ GOOGL opened at $122.56 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.56 trillion, a P/E ratio of 27.30, a P/E/G ratio of 1.56 and a beta of 1.10. Alphabet has a 12-month low of $83.34 and a 12-month high of $126.43. The firm has a 50-day moving average price of $107.68 and a two-hundred day moving average price of $98.80.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter in the previous year, the firm posted $1.23 EPS. Analysts anticipate that Alphabet will post 5.41 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the transaction, the insider now directly owns 10,958,925 shares of the company’s stock, valued at $139,397,526. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,017,565. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $12.72, for a total transaction of $347,128.80. Following the transaction, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 732,217 shares of company stock valued at $21,135,371 and have sold 665,462 shares valued at $29,332,239. 0.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOGL. Vanguard Group Inc. raised its holdings in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares during the last quarter. State Street Corp raised its holdings in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Alphabet in the fourth quarter valued at about $8,335,063,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

About Alphabet

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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.