Alphabet Inc. (NASDAQ:GOOG) Director Sells $127,648.00 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director John L. Hennessy sold 800 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alphabet Stock Up 0.6 %

Shares of Alphabet stock opened at $156.88 on Thursday. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 52-week low of $103.27 and a 52-week high of $161.70. The stock has a 50-day simple moving average of $147.15 and a 200-day simple moving average of $141.61.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same period last year, the business earned $1.05 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $159.86.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. DC Investments Management LLC bought a new position in shares of Alphabet in the 1st quarter valued at approximately $115,000. Guardian Wealth Management Inc. bought a new position in Alphabet in the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. increased its position in Alphabet by 10.8% in the 1st 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. qPULA Trading Management LP bought a new position in Alphabet in the 1st quarter worth approximately $279,000. Finally, Dynamic Technology Lab Private Ltd increased its position in Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after buying an additional 26 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Company Profile

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.