Alphabet (NASDAQ:GOOGL) Given “Neutral” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Alphabet (NASDAQ:GOOGL) in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a $190.00 price objective on the information services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday. KeyCorp upped their price objective on Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital reiterated a “hold” rating and issued a $170.00 price target on shares of Alphabet in a research note on Wednesday, July 3rd. Finally, Argus raised their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet Trading Up 2.8 %

GOOGL opened at $174.46 on Wednesday. The business has a fifty day moving average price of $162.17 and a 200 day moving average price of $168.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet has a 12 month low of $122.68 and a 12 month high of $191.75. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the company posted $1.55 earnings per share. Sell-side analysts expect that Alphabet will post 7.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Institutional Trading of Alphabet

Several large investors have recently modified their holdings of the business. CV Advisors LLC raised its position in shares of Alphabet by 2.5% during the 3rd quarter. CV Advisors LLC now owns 54,714 shares of the information services provider’s stock worth $9,074,000 after purchasing an additional 1,353 shares during the last quarter. Consilium Wealth Advisory LLC raised its holdings in shares of Alphabet by 3.4% in the third quarter. Consilium Wealth Advisory LLC now owns 23,997 shares of the information services provider’s stock worth $3,980,000 after acquiring an additional 799 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of Alphabet by 8.3% in the third quarter. Centennial Wealth Advisory LLC now owns 3,888 shares of the information services provider’s stock valued at $645,000 after acquiring an additional 298 shares in the last quarter. White Lighthouse Investment Management Inc. lifted its position in shares of Alphabet by 0.8% in the third quarter. White Lighthouse Investment Management Inc. now owns 9,480 shares of the information services provider’s stock valued at $1,572,000 after acquiring an additional 74 shares in the last quarter. Finally, Armor Investment Advisors LLC boosted its stake in shares of Alphabet by 2.5% during the third quarter. Armor Investment Advisors LLC now owns 9,739 shares of the information services provider’s stock valued at $1,615,000 after acquiring an additional 233 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.