Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares of the company's stock, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Alphabet Price Performance
GOOG stock opened at $173.69 on Friday. The firm has a 50 day moving average of $149.12 and a 200-day moving average of $142.75. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $104.42 and a 12 month high of $176.42. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same period last year, the business earned $1.17 earnings per share. Alphabet's revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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A number of equities analysts have weighed in on GOOG shares. Susquehanna increased their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, January 31st. Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and an average price target of $165.67.
Check Out Our Latest Analysis on GOOG
Hedge Funds Weigh In On Alphabet
A number of large investors have recently modified their holdings of GOOG. Everence Capital Management Inc. raised its stake in Alphabet by 0.7% in the third quarter. Everence Capital Management Inc. now owns 124,950 shares of the information services provider's stock valued at $16,475,000 after purchasing an additional 830 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in Alphabet by 15.0% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 19,808 shares of the information services provider's stock valued at $2,757,000 after purchasing an additional 2,580 shares in the last quarter. Essex LLC raised its stake in Alphabet by 6.3% in the third quarter. Essex LLC now owns 29,660 shares of the information services provider's stock valued at $3,911,000 after purchasing an additional 1,768 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Alphabet by 14.1% in the third quarter. Capital Investment Advisors LLC now owns 28,953 shares of the information services provider's stock valued at $3,817,000 after purchasing an additional 3,573 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its stake in Alphabet by 1.1% in the third quarter. Onyx Bridge Wealth Group LLC now owns 22,332 shares of the information services provider's stock valued at $2,944,000 after purchasing an additional 234 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.
About Alphabet
(
Get Free Report)
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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