Alphabet Inc (NASDAQ:GOOG) SVP David C. Drummond sold 5,690 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $1,164.43, for a total transaction of $6,625,606.70. Following the transaction, the senior vice president now directly owns 2,897 shares in the company, valued at $3,373,353.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Alphabet Inc (NASDAQ:GOOG) opened at $1,149.49 on Thursday. The company has a market cap of $799,430.00, a PE ratio of 35.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc has a one year low of $803.37 and a one year high of $1,186.89.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.36 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the business. Beach Investment Management LLC. bought a new position in shares of Alphabet in the second quarter valued at approximately $268,000. Texas Yale Capital Corp. raised its stake in shares of Alphabet by 1.7% in the second quarter. Texas Yale Capital Corp. now owns 3,315 shares of the information services provider’s stock valued at $3,012,000 after acquiring an additional 57 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Alphabet by 0.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 48,367 shares of the information services provider’s stock valued at $43,953,000 after acquiring an additional 418 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Alphabet by 210.9% in the second quarter. Nikko Asset Management Americas Inc. now owns 8,250 shares of the information services provider’s stock valued at $7,497,000 after acquiring an additional 5,596 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Alphabet by 1.9% in the second quarter. Blair William & Co. IL now owns 204,531 shares of the information services provider’s stock valued at $185,864,000 after acquiring an additional 3,818 shares during the last quarter. Hedge funds and other institutional investors own 34.86% of the company’s stock.
Several research firms have commented on GOOG. TheStreet downgraded shares of Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,130.90 target price on the stock. in a research report on Tuesday, March 6th. Stifel Nicolaus reissued a “neutral” rating on shares of Alphabet in a research report on Friday, February 2nd. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,072.37.
ILLEGAL ACTIVITY WARNING: “Insider Selling: Alphabet Inc (GOOG) SVP Sells $6,625,606.70 in Stock” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://baseballnewssource.com/2018/03/15/insider-selling-alphabet-inc-goog-svp-sells-6625606-70-in-stock/2035912.html.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.