Alphabet (NASDAQ:GOOGL) Price Target Raised to $202.00 at Roth Mkm

Alphabet (NASDAQ:GOOGL) had its price target boosted by stock analysts at Roth Mkm from $164.00 to $202.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Roth Mkm’s target price points to a potential upside of 17.90% from the company’s current price.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group raised their target price on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their price objective on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC upped their target price on shares of Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush lifted their price target on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Rosenblatt Securities upped their price objective on shares of Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $185.18.

Alphabet Trading Up 9.8 %

Shares of Alphabet stock traded up $15.33 during midday trading on Friday, reaching $171.33. 47,762,738 shares of the company’s stock traded hands, compared to its average volume of 30,432,857. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a 50 day moving average of $147.22 and a 200-day moving average of $141.16. The company has a market cap of $2.13 trillion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Alphabet has a 12 month low of $103.54 and a 12 month high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. As a group, equities analysts expect that Alphabet will post 6.78 EPS for the current fiscal year.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Insiders sold 251,339 shares of company stock valued at $36,377,482 in the last quarter. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GOOGL. M. Kraus & Co raised its position in Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after purchasing an additional 66 shares during the period. Wynn Capital LLC grew its stake in shares of Alphabet by 3.9% in the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after buying an additional 67 shares in the last quarter. Aire Advisors LLC raised its holdings in shares of Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Alphabet by 2.1% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after acquiring an additional 68 shares in the last quarter. Finally, Penbrook Management LLC boosted its holdings in Alphabet by 0.3% during the 1st quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider’s stock valued at $3,497,000 after acquiring an additional 70 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.