In yesterday’s Wall Street session, Alphabet Inc (NASDAQ:GOOGL) shares traded at $154.85, up 1.54% from the previous session.
GOOGL stock price is now 7.20% away from the 50-day moving average and 14.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1925.25B.
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 Apr 03 ’24. The stock was sold for $3,502,640 at an average price of $155.67. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,325,513 shares in the company, valued at $360.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, VP, Chief Accounting Officer O’Toole Amie Thuener sold 682 shares of the business’s stock. A total of $105,567 was realized by selling the stock at an average price of $154.79. This leaves the insider owning 29,284 shares of the company worth $4.53 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 $102.63 and a high of $155.74. 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 $1.85T, which is based on a 26.67 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for GOOGL is $144.51 and a two-hundred day moving average price translates $135.52 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 $78.59B in revenue.
