Alphabet Inc (NASDAQ:GOOGL) shares traded -0.46% lower at $150.07 on Wall Street last session.
GOOGL stock price is now 4.91% away from the 50-day moving average and 11.95% away from the 200-day moving average. The market capitalization of the company currently stands at $1865.82B.
With the price target enhanced from $155 to $170, Mizuho maintained Buy rating for Alphabet Inc (NASDAQ: GOOGL). On January 09, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $170, while ‘Monness Crespi & Hardt’ rates the stock as ‘Neutral’
In other news, Pichai Sundar, Chief Executive Officer sold 22,500 shares of the company’s stock on Mar 20 ’24. The stock was sold for $3,347,580 at an average price of $148.78. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,310,191 shares in the company, valued at $346.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Director HENNESSY JOHN L sold 500 shares of the business’s stock. A total of $74,750 was realized by selling the stock at an average price of $149.50. This leaves the insider owning 8,791 shares of the company worth $1.32 million. A total of 52.78% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $99.74 and a high of $153.78. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $1.80T, which is based on a 25.85 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for GOOGL is $143.05 and a two-hundred day moving average price translates $134.05 for the stock.
The latest earnings results from Alphabet Inc (NASDAQ: GOOGL) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $1.64, beating analysts’ expectations of $1.59 by 0.05. This compares to $0.99 EPS in the same period last year. The net profit margin was 24.03% and return on equity was 27.36% for GOOGL. The company reported revenue of $86.31 billion for the quarter, compared to $76.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.49 percent. For the current quarter, analysts expect GOOGL to generate $78.6B in revenue.
