Jefferies Financial Group set a $125.00 price target on Alphabet (NASDAQ:GOOG – Get Rating) in a report released on Friday morning, Borsen Zeitung reports. Jefferies Financial Group also issued estimates for Alphabet's Q1 2023 earnings at $0.96 EPS, Q3 2023 earnings at $1.09 EPS and Q4 2023 earnings at $1.29 EPS.
GOOG has been the subject of a number of other research reports. Credit Suisse Group set a $136.00 target price on shares of Alphabet in a research report on Friday. JPMorgan Chase & Co. set a $118.00 target price on shares of Alphabet and gave the stock an overweight rating in a research report on Friday. The Goldman Sachs Group set a $128.00 price objective on shares of Alphabet in a research report on Friday. Cowen lowered their price objective on shares of Alphabet from $150.00 to $135.00 and set an outperform rating for the company in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Alphabet from $135.00 to $130.00 and set a buy rating for the company in a research report on Friday, October 21st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $136.50.
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Alphabet Trading Down 3.3 %
NASDAQ GOOG opened at $105.22 on Friday. Alphabet has a 12 month low of $83.45 and a 12 month high of $144.54. The company has a 50-day moving average of $94.00 and a 200-day moving average of $101.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The company has a market cap of $1.36 trillion, a P/E ratio of 23.12, a P/E/G ratio of 1.81 and a beta of 1.08.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a return on equity of 23.58% and a net
margin of 21.20%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. As a group, equities analysts predict that Alphabet will post 5.05 earnings per share for the current year.
Insider Activity
In related news, CAO Amie Thuener O'toole sold 855 shares of the firm's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the transaction, the chief accounting officer now directly owns 24,908 shares in the company, valued at $2,518,946.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv acquired 201,897 shares of Alphabet stock in a transaction that occurred on Monday, November 7th. The shares were purchased at an average cost of $35.16 per share, for a total transaction of $7,098,698.52. Following the completion of the purchase, the insider now directly owns 1,072,792 shares of the company's stock, valued at approximately $37,719,366.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 855 shares of the firm's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total value of $86,466.15. Following the transaction, the chief accounting officer now owns 24,908 shares in the company, valued at $2,518,946.04. The disclosure for this sale can be found here. In the last three months, insiders sold 36,943 shares of company stock worth $3,454,353. 12.99% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Alphabet
A number of hedge funds have recently added to or reduced their stakes in GOOG. OLD Second National Bank of Aurora lifted its stake in Alphabet by 1,900.0% in the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider's stock valued at $25,000 after buying an additional 247 shares during the last quarter. Westchester Capital Management Inc. lifted its stake in Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider's stock valued at $25,000 after buying an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider's stock valued at $29,000 after buying an additional 285 shares during the last quarter. Saban Cheryl lifted its stake in Alphabet by 1,900.0% in the third quarter. Saban Cheryl now owns 200 shares of the information services provider's stock valued at $29,000 after buying an additional 190 shares during the last quarter. Finally, Gould Capital LLC lifted its stake in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider's stock valued at $30,000 after buying an additional 301 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors.
About Alphabet
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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.
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