JMP 证券将 Alphabet（NASDAQ:GOOGL）的目标股价上调至 290.00 美元

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price target upped by JMP Securities from $250.00 to $290.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "market outperform" rating on the information services provider's stock. JMP Securities' price objective would indicate a potential upside of 15.07% from the company's previous close.

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Several other equities research analysts also recently issued reports on GOOGL. Citizens Jmp upgraded Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price objective on the stock in a report on Friday, June 27th. Canaccord Genuity Group boosted their price objective on Alphabet from $230.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, September 4th. BNP Paribas Exane reissued a "neutral" rating and set a $172.00 target price on shares of Alphabet in a research note on Friday, June 27th. Rosenblatt Securities upped their price target on Alphabet from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Finally, DA Davidson upped their price target on Alphabet from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $225.54.

Read Our Latest Analysis on GOOGL

Alphabet Price Performance

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NASDAQ:GOOGL opened at $252.03 on Friday. Alphabet has a 52 week low of $140.53 and a 52 week high of $253.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.05 trillion, a P/E ratio of 26.84, a P/E/G ratio of 1.68 and a beta of 1.01. The stock's fifty day moving average is $207.87 and its two-hundred day moving average is $179.73.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Equities analysts expect that Alphabet will post 8.9 EPS for the current year.

Insider Transactions at Alphabet

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In related news, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares of the company's stock, valued at $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,088 shares of company stock worth $52,405,304. Insiders own 11.64% of the company's stock.

Institutional Trading of Alphabet

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after buying an additional 506 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Alphabet by 6.4% during the 4th quarter. Forum Financial Management LP now owns 79,160 shares of the information services provider's stock worth $14,985,000 after buying an additional 4,756 shares in the last quarter. AAF Wealth Management LLC raised its stake in shares of Alphabet by 5.1% during the 4th quarter. AAF Wealth Management LLC now owns 4,119 shares of the information services provider's stock worth $780,000 after buying an additional 201 shares in the last quarter. Finally, Retirement Planning Group LLC raised its stake in shares of Alphabet by 7.0% during the 4th quarter. Retirement Planning Group LLC now owns 13,469 shares of the information services provider's stock worth $2,550,000 after buying an additional 877 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.

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