Alphabet Inc. (NASDAQ:GOOG – Get Free Report) Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the transaction, the director now owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alphabet Trading Up 0.4 %
GOOG stock opened at $137.74 on Tuesday. The company has a market capitalization of $1.74 trillion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. Alphabet Inc. has a one year low of $83.45 and a one year high of $138.58. The company’s 50 day moving average price is $128.89 and its two-hundred day moving average price is $117.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.32 by $0.12. The firm had revenue of $74.60 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. As a group, analysts predict that Alphabet Inc. will post 5.68 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Susquehanna increased their target price on shares of Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Robert W. Baird raised their price objective on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Wedbush started coverage on shares of Alphabet in a research report on Monday, August 21st. They issued an “outperform” rating for the company. Finally, Oppenheimer raised their price objective on shares of Alphabet from $145.00 to $160.00 in a research report on Wednesday, July 26th. Thirteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $130.94.
Get Our Latest Analysis on GOOG
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Financial Advisors Network Inc. increased its stake in shares of Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after buying an additional 7 shares during the period. Turim 21 Investimentos Ltda. increased its stake in shares of Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares during the period. West Michigan Advisors LLC increased its stake in shares of Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after buying an additional 9 shares during the period. Somerville Kurt F increased its stake in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its holdings in Alphabet by 1.4% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after acquiring an additional 16 shares in the last quarter. 27.13% of the stock is owned by hedge funds and other institutional investors.
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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