Alphabet (NASDAQ:GOOGL – Get Free Report) released its quarterly earnings data on Tuesday. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04, RTT News reports. Alphabet had a net margin of 26.70% and a return on equity of 30.96%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same period in the previous year, the business earned $1.44 EPS.
Alphabet Stock Performance
Shares of GOOGL stock traded down $0.81 during trading hours on Thursday, hitting $171.82. The company’s stock had a trading volume of 15,156,104 shares, compared to its average volume of 27,850,957. The company has a 50 day moving average of $179.36 and a 200 day moving average of $160.10. The stock has a market cap of $2.12 trillion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet has a 12-month low of $120.21 and a 12-month high of $191.75.
Insider Buying and Selling
In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total transaction of $4,113,900.00. Following the completion of the sale, the chief executive officer now directly owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,488 shares of company stock valued at $21,866,705. Corporate insiders own 11.55% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on GOOGL
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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