Recently, several large investors traded shares of Alphabet Inc. MorganRosel Wealth Management increased its stake by 3.6%, owning 1,620 shares worth $295,000. Hengehold Capital raised its stake by 0.8% with 7,224 shares valued at $1.32 million. Christopher J. Hasenberg grew its holdings by 75%, now owning 140 shares worth $26,000. Joseph P. Lucia & Associates added 1.0% to its stake, totaling 6,624 shares valued at $1 million. Sunflower Bank N.A. also increased its holdings by 1.0%, owning 6,309 shares worth $1.15 million. Overall, institutional investors own 40.03% of Alphabet’s shares.
Insider Transactions
Alphabet CEO Sundar Pichai sold 22,500 shares at $182.84 each on July 17, totaling over $4.1 million. He now owns about 2.2 million shares worth approximately $403.1 million. Similarly, CAO Amie Thuener O’toole sold 682 shares at $168.00 on August 2, valued at about $114,576. Insiders have sold 216,092 shares totaling $35.6 million in the past 90 days, with corporate insiders owning 11.55% of the company.
Analysts’ Forecasts
Mizuho raised Alphabet’s price target from $205 to $210 and rated it “outperform” on July 24. JPMorgan also increased their target from $200 to $208, while Wells Fargo reduced theirs from $190 to $182. Tigress Financial raised their target from $210 to $220, rating it a “strong-buy.” Currently, analysts rate Alphabet as a “Moderate Buy” with an average price target of $200.95.
Stock Performance
As of Friday, NASDAQ GOOGL opened at $163.24. Its 50-day moving average is $161.37, and its 200-day average is $167.75. With a market cap of $2.02 trillion, Alphabet has a P/E ratio of 25.04 and a PEG ratio of 1.21. Its 52-week range is $120.21 to $191.75.
Recent Earnings
On July 23, Alphabet reported earnings of $1.89 per share, beating estimates of $1.85. Revenue was $84.74 billion, higher than the expected $70.60 billion, with a net margin of 26.70%. Analysts predict earnings of $7.64 per share for the current fiscal year.
Dividend Announcement
Alphabet declared a quarterly dividend of $0.20 paid on September 16, yielding 0.49%, with a payout ratio of 12.27%.
Company Overview
Alphabet Inc. offers diverse products across various regions, operating through Google Services, Google Cloud, and Other Bets segments. Google Services provides offerings like ads, Android, Chrome, Gmail, Google Drive, YouTube, and more.
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