Traders Sell Alphabet (GOOG) on Strength (GOOG)

Investors sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading on Thursday. $242.76 million flowed into the stock on the tick-up and $313.59 million flowed out of the stock on the tick-down, for a money net flow of $70.83 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $2.91 for the day and closed at $1,105.52

Several brokerages recently issued reports on GOOG. SunTrust Banks raised their target price on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Friday. Piper Jaffray Companies raised their target price on shares of Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group restated a “buy” rating on shares of Alphabet in a report on Thursday. Finally, BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,052.31.

The firm has a market cap of $782,040.00, a PE ratio of 37.38 and a beta of 0.94. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $9.06 EPS.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the sale, the chief executive officer now directly owns 1,471 shares in the company, valued at approximately $1,461,556.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the sale, the director now owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $37,877,147 over the last 90 days. Insiders own 13.92% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Burt Wealth Advisors increased its holdings in shares of Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after buying an additional 832 shares during the last quarter. Almanack Investment Partners LLC. increased its holdings in shares of Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC increased its holdings in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after buying an additional 157 shares during the last quarter. Institutional investors own 34.63% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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