Alphabet (NASDAQ:GOOGL) PT Raised to $200.00 at TD Cowen

Alphabet (NASDAQ:GOOGL) had its price target raised by stock analysts at TD Cowen from $170.00 to $200.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. TD Cowen’s target price points to a potential upside of 16.31% from the company’s previous close.

A number of other research analysts have also recently commented on GOOGL. Redburn Atlantic upped their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus upped their price objective on Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a report on Friday. UBS Group upped their price target on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Citigroup raised their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Mizuho raised their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $187.82.

Alphabet Trading Up 10.2 %

GOOGL opened at $171.95 on Friday. Alphabet has a one year low of $103.54 and a one year high of $174.71. The stock has a market capitalization of $2.14 trillion, a PE ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. The business’s 50 day moving average price is $147.85 and its 200 day moving average price is $141.42. 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 released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts expect that Alphabet will post 6.79 EPS for the current year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock valued at $36,746,578 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC purchased a new stake in Alphabet in the 1st quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet in the 4th quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Richardson Capital Management LLC lifted its stake in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Finally, Meritage Group LP lifted 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 valued at $40,000 after buying an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.