Rosenblatt Securities Affirmed Neutral Rating on Alphabet (GOOGL)

Rosenblatt Securities maintained its neutral rating on the stock Alphabet (NASDAQ:GOOGL – Free Report) in a research note issued to investors on Friday, Marketbeat reports. The company currently has a $181.00 price target on shares of the information services provider, down from the previous price target of $182.00.

GOOGL has been the subject of several other reports. Loop Capital increased their target price on Alphabet from $155.00 to $170.00 and gave the company a hold rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their target price on Alphabet from $155.00 to $200.00 and gave the company an outperform rating in a report on Friday, April 26th. Wells Fargo & Company increased their target price on Alphabet from $141.00 to $168.00 and gave the company an equal weight rating in a report on Friday, April 26th. Jefferies Financial Group raised their target price on Alphabet from $200.00 to $215.00 and gave the company a buy rating in a report on Wednesday. Finally, TD Cowen increased their target price on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating on Friday, April 26th. Six analysts have rated the company’s stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.66, according to MarketBeat.com.

Read our latest report on the alphabet

Alphabet price performance

Alphabet shares opened Friday at $182.15. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt to equity ratio of 0.05. The company has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.39 and a beta ratio of 1.01. The company has a 50-day moving average of $172.85 and a 200-day moving average of $154.14. Alphabet has a 52-week low of $115.35 and a 52-week high of $186.05.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Thursday, April 25. The information services provider reported $1.89 per share for the quarter, topping analyst consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. In the same quarter last year, the company earned $1.17 per share. Stock research analysts forecast that Alphabet will report 7.6 earnings per share this year.

Alphabet announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17. Record investors received a dividend of $0.20 per share on Monday, June 10. This represents an annual dividend of $0.80 and a yield of 0.44%. The ex-dividend date for this dividend was Monday, June 10. Alphabet’s Dividend Payout Ratio (DPR) is currently 12.27%.

Internal Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction amount of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Additionally, Senior Vice President Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97 for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 146,284 shares of company stock worth $24,534,393. 11.55% of the shares are owned by company insiders.

Institutional alphabet trading

A number of large investors have recently added to or reduced their holdings in the company. Joseph P. Lucia & Associates LLC increased its holdings in Alphabet shares by 1.0% in the first quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider’s stock worth $1,000,000 after purchasing an additional 64 shares during the period. M. Kraus & Co increased its holding in Alphabet shares by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after purchasing an additional 66 shares during the period. Wynn Capital LLC increased its holding in Alphabet shares by 3.9% in the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after purchasing an additional 67 shares during the period. Aire Advisors LLC increased its holding in Alphabet shares by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the period. Finally, Fiduciary Planning LLC increased its holdings in shares of Alphabet by 0.7% in the first quarter. Fiduciary Planning LLC now owns 9,219 shares of the information services provider’s stock valued at $1,391,000 after purchasing an additional 68 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Company Profile

(Download the free report)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia Pacific, Canada, and Latin America. It operates through the Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including Advertising, Android, Chrome, Devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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