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

Alphabet (NASDAQ:GOOGL)‘s stock had its “neutral” rating reiterated by Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $200.00 price objective on the information services provider’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 22.85% from the stock’s previous close.

Several other equities analysts also recently issued reports on GOOGL. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wedbush lifted their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.59.

Alphabet Price Performance

Alphabet stock opened at $162.80 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.98 trillion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet has a one year low of $146.90 and a one year high of $207.05. The business has a 50 day simple moving average of $183.13 and a 200 day simple moving average of $176.37.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts forecast that Alphabet will post 8.9 EPS for the current fiscal year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock worth $17,374,274 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. M1 Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth about $838,000. DSG Capital Advisors LLC bought a new stake in Alphabet during the fourth quarter worth about $18,398,000. Chancellor Financial Group WB LP bought a new stake in Alphabet during the fourth quarter worth about $2,961,000. 111 Capital bought a new stake in Alphabet during the fourth quarter worth about $3,599,000. Finally, Thoma Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth about $1,146,000. Institutional investors own 40.03% of the company’s stock.

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.