Alphabet (NASDAQ:GOOG) Given a $145.00 Price Target by Credit Suisse Group Analysts

Alphabet (NASDAQ:GOOGGet Rating) has been given a $145.00 price target by research analysts at Credit Suisse Group in a research note issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target indicates a potential upside of 51.50% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Sanford C. Bernstein set a $120.00 price objective on shares of Alphabet in a report on Thursday, January 12th. Piper Sandler cut their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 target price on shares of Alphabet in a research report on Friday, November 18th. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research report on Wednesday, October 26th. Finally, Raymond James cut their price objective on shares of Alphabet from $120.00 to $116.00 and set an “outperform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

Alphabet Stock Performance

NASDAQ GOOG traded down $3.50 during trading hours on Wednesday, reaching $95.71. 11,758,714 shares of the company were exchanged, compared to its average volume of 25,417,732. Alphabet has a 1 year low of $83.45 and a 1 year high of $152.10. The business’s 50 day simple moving average is $93.63 and its 200-day simple moving average is $102.00. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.24 trillion, a P/E ratio of 19.01, a P/E/G ratio of 1.78 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. During the same quarter last year, the business posted $1.40 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Alphabet will post 4.68 earnings per share for the current year.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $77,676.75. Following the completion of the sale, the chief accounting officer now owns 24,694 shares in the company, valued at approximately $2,243,449.90. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. 12.99% of the stock is currently owned by company insiders.

Institutional Trading of Alphabet

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares in the last quarter. BlackRock Inc. boosted its stake in Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares in the last quarter. State Street Corp raised its position in Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after buying an additional 186,809,281 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Alphabet by 1,862.3% in the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after buying an additional 59,964,963 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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