Alphabet Inc. (NASDAQ:GOOGL) Director Sells $127,648.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alphabet Stock Down 1.8 %

Shares of NASDAQ GOOGL traded down $2.87 during midday trading on Monday, hitting $154.86. The stock had a trading volume of 27,116,876 shares, compared to its average volume of 30,494,059. The business’s 50 day moving average is $145.33 and its 200-day moving average is $139.86. The company has a market cap of $1.93 trillion, a P/E ratio of 27.34, a PEG ratio of 1.46 and a beta of 1.05. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Redburn Atlantic lifted their target price on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Truist Financial decreased their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Wolfe Research boosted their price objective on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, KeyCorp boosted their price objective on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.61.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. DC Investments Management LLC purchased a new stake in Alphabet during the first quarter valued at approximately $114,000. Bridgefront Capital LLC purchased a new stake in Alphabet during the first quarter valued at approximately $225,000. Worth Asset Management LLC purchased a new stake in Alphabet during the first quarter valued at approximately $206,000. Eudaimonia Advisors LLC increased its holdings in Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in Alphabet during the first quarter valued at approximately $281,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

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.