Alphabet (NASDAQ:GOOGL) PT Raised to $202.00

Alphabet (NASDAQ:GOOGL) had its price objective lifted by research analysts at Roth Mkm from $164.00 to $202.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Roth Mkm’s price target points to a potential upside of 17.48% from the company’s current price.

Several other research firms have also recently weighed in on GOOGL. Mizuho upped their price target on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities upped their price target on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein upped their price target on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, Wolfe Research upped their price target on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Five analysts have rated the 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.82.

Alphabet Stock Up 10.2 %

Shares of NASDAQ GOOGL opened at $171.95 on Friday. The stock has a market cap of $2.14 trillion, a P/E ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. The firm has a 50 day moving average price of $147.85 and a 200 day moving average price of $141.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet has a 52-week low of $103.54 and a 52-week high of $174.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. During the same quarter in the previous year, the company earned $1.05 earnings per share. Analysts expect that Alphabet will post 6.79 EPS for the current year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock valued at $36,746,578 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently modified their holdings of GOOGL. Norges Bank acquired a new position in shares of Alphabet in the fourth quarter valued at about $15,441,917,000. FMR LLC grew its stake in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after acquiring an additional 12,070,681 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Alphabet by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after acquiring an additional 6,374,756 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Alphabet by 39,754.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock valued at $841,725,000 after acquiring an additional 6,010,548 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Alphabet by 4,894.1% in the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after acquiring an additional 5,336,359 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

About Alphabet

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.