Alphabet Inc (NASDAQ:GOOG) Director John L. Hennessy sold 60 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $1,495.85, for a total transaction of $89,751.00. Following the transaction, the director now owns 664 shares of the company’s stock, valued at approximately $993,244.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of GOOG stock opened at $1,541.74 on Friday. The company has a market capitalization of $1,031.43 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05. Alphabet Inc has a 52-week low of $1,013.54 and a 52-week high of $1,543.83. The business’s fifty day moving average is $1,432.74 and its 200 day moving average is $1,360.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $11.27 by ($1.40). The business had revenue of $41.16 billion during the quarter, compared to the consensus estimate of $40.29 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. Alphabet’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.50 earnings per share. On average, sell-side analysts forecast that Alphabet Inc will post 41.23 EPS for the current fiscal year.
A number of research firms have weighed in on GOOG. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $1,340.00 to $1,505.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Cowen upped their price objective on Alphabet from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Zacks Investment Research downgraded Alphabet from a “hold” rating to a “sell” rating in a research report on Wednesday. Oppenheimer dropped their price target on Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Deutsche Bank reissued a “buy” rating and issued a $1,700.00 price objective on shares of Alphabet in a report on Tuesday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,580.52.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameraudi Asset Management Inc. bought a new stake in Alphabet during the fourth quarter worth about $207,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Alphabet by 1,050.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,185 shares of the information services provider’s stock valued at $1,584,000 after buying an additional 1,082 shares in the last quarter. Brooktree Capital Management purchased a new position in shares of Alphabet during the 4th quarter valued at about $59,000. Mackenzie Financial Corp lifted its position in Alphabet by 314.1% in the 1st quarter. Mackenzie Financial Corp now owns 39,509 shares of the information services provider’s stock worth $45,941,000 after buying an additional 29,967 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Alphabet by 34.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 65,569 shares of the information services provider’s stock worth $76,244,000 after buying an additional 16,640 shares in the last quarter. 33.00% of the stock is owned by institutional investors.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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