Alphabet ( NASDAQ:GOOG ) fell to Neutral at Rosenblatt Securities

Rosenblatt Securities lowered the company’s shares Alphabet (NASDAQ:GOOG – free report) from a buy rating to a neutral rating in a report issued on Friday morning, Marketbeat Ratings reports. They currently have a $181.00 price target on shares of the information services provider.

Several other brokerages have also recently published reports on GOOG. Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a buy rating in a report on Tuesday, April 16th. Morgan Stanley affirmed an overweight rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer increased their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an outperform rating in a report on Monday, April 8th. One equities research analyst has rated the stock as a Hold and six have rated the stock with a Buy rating. Based on data from MarketBeat, Alphabet has a consensus rating of Moderate Buy and a consensus price target of $167.86.

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Alphabet Trading Down 1.8%

Shares of NASDAQ:GOOG opened at $183.42 on Friday. The company’s 50-day average price is $174.40 and its two-hundred-day average price is $155.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a current ratio of 2.15. Alphabet’s annual low is $115.83 and its high is $187.50. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported EPS of $1.89 for the quarter, which was $0.38 ahead of the consensus estimate of $1.51. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was $80.54 billion, compared to analyst expectations of $78.75 billion. During the same period last year, the company saw an EPS of $1.17. The company’s revenue for the quarter increased by 15.4% year-over-year. On average, equity analysts forecast that Alphabet will post 7.6 EPS in the current fiscal year.

Alphabet announces dividend

The company also recently declared a dividend that was paid on Monday, June 17. Record investors received a $0.20 dividend on Monday, June 10. The ex-dividend date for this dividend was Monday, June 10. Alphabet’s Dividend Payout Ratio (DPR) is currently 12.27%.

Insiders are betting

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, April 2. The shares were sold at an average price of $154.79, for a total transaction amount of $105,566.78. Following the transaction, the chief financial officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, April 2. The shares were sold at an average price of $154.79, for a total transaction amount of $105,566.78. Following the transaction, the chief financial officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website . Additionally, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3. The shares were sold at an average price of $155.67, for a total transaction value of $3,502,575.00. Following the transaction, the CEO now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. Disclosure of this sale can be found here . Insiders sold a total of 146,284 shares of the company’s stock valued at $24,534,393 during the last quarter. Corporate insiders own 12.99% of the company’s stock.

Institutional Alphabet Trading

Several major investors recently changed their positions in GOOG. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in Q4 worth approximately $26,000. Partnership Wealth Management LLC acquired a new position in Alphabet in Q4 worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in Q4 worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in Q4 worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Alphabet in Q4 worth approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet company profile

(Get 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 segment, Google Cloud, and other businesses. 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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