Alphabet Inc (NASDAQ:GOOG) Director Ann Mather Sells 31 Shares

Posted by Andrew Walz on Dec 3rd, 2019

Alphabet Inc (NASDAQ:GOOG) Director Ann Mather sold 31 shares of Alphabet stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $1,300.50, for a total transaction of $40,315.50. Following the sale, the director now owns 1,773 shares of the company’s stock, valued at $2,305,786.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ann Mather also recently made the following trade(s):

On Monday, November 4th, Ann Mather sold 50 shares of Alphabet stock. The shares were sold at an average price of $1,276.45, for a total transaction of $63,822.50.
On Friday, November 1st, Ann Mather sold 25 shares of Alphabet stock. The shares were sold at an average price of $1,265.00, for a total transaction of $31,625.00.
On Tuesday, October 1st, Ann Mather sold 25 shares of Alphabet stock. The stock was sold at an average price of $1,219.01, for a total value of $30,475.25.

GOOG stock opened at $1,289.92 on Tuesday. The stock has a market capitalization of $900.01 billion, a P/E ratio of 27.15, a PEG ratio of 1.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet Inc has a one year low of $970.11 and a one year high of $1,335.53. The company has a 50 day moving average price of $1,284.29 and a two-hundred day moving average price of $1,191.68.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). The firm had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $13.06 earnings per share. Research analysts forecast that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Orrstown Financial Services Inc. purchased a new stake in Alphabet in the 3rd quarter worth approximately $26,000. 1 North Wealth Services LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $40,000. Vista Private Wealth Partners. LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $46,000. Candriam Luxembourg S.C.A. grew its stake in Alphabet by 3.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 39,076 shares of the information services provider’s stock worth $48,000 after acquiring an additional 1,470 shares during the period. Finally, First PREMIER Bank grew its stake in shares of Alphabet by 44.4% during the 3rd quarter. First PREMIER Bank now owns 52 shares of the information services provider’s stock valued at $63,000 after buying an additional 16 shares during the period. 33.81% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on GOOG. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research report on Monday, November 4th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Monday, October 28th. Deutsche Bank cut their price objective on Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. William Blair restated an “outperform” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, BidaskClub downgraded Alphabet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,460.27.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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