Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director John L. Hennessy sold 800 shares of Alphabet 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 sale, the director now directly owns 7,991 shares of the company's stock, valued at approximately $1,275,043.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alphabet Trading Down 1.8 %
NASDAQ:GOOGL opened at $154.86 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The business's 50-day simple moving average is $145.55 and its 200 day simple moving average is $140.02. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $70.77 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Healthcare Takes A Big Step Forward With The Help Of AI
From The Bull Report | Ad
The average doctor can diagnose an illness correctly 50-90% of the time.
But one innovative company's medical AI gets it right 92%+.
Click here to see why this small company is trusted by the Mayo Clinic
GOOGL has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $155.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Mizuho lifted their price objective on Alphabet from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Citigroup reiterated a "buy" rating and issued a $168.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Finally, Rosenblatt Securities reduced their target price on Alphabet from $174.00 to $172.00 and set a "buy" rating on the stock in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $155.61.
Get Our Latest Stock Report on GOOGL
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Alphabet by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider's stock valued at $68,980,354,000 after buying an additional 6,374,756 shares during the last quarter. FMR LLC grew its holdings in shares of Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider's stock valued at $29,746,764,000 after purchasing an additional 12,070,681 shares during the last quarter. State Street Corp grew its holdings in shares of Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider's stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider's stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Alphabet by 1.3% during the first quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider's stock valued at $12,271,705,000 after purchasing an additional 1,499,107 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
