Alphabet (NASDAQ:GOOGL – Get Free Report) released its quarterly earnings data on Tuesday. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04, RTT News reports. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.96% and a net margin of 26.70%. During the same period in the previous year, the business earned $1.44 earnings per share.
Alphabet Stock Down 3.1 %
Shares of Alphabet stock traded down $5.35 during trading hours on Thursday, reaching $167.28. 44,763,318 shares of the company’s stock were exchanged, compared to its average volume of 28,056,348. The company has a 50 day moving average of $179.36 and a two-hundred day moving average of $160.10. Alphabet has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.07 trillion, a P/E ratio of 25.66, a P/E/G ratio of 1.36 and a beta of 1.05.
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total value of $4,113,900.00. Following the sale, the chief executive officer now directly owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The disclosure for this sale can be found here. Insiders sold a total of 124,488 shares of company stock worth $21,866,705 in the last three months. Insiders own 11.55% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on GOOGL
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.
Featured Stories
- Five stocks we like better than Alphabet
- Where Do I Find 52-Week Highs and Lows?
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Use the MarketBeat Excel Dividend Calculator
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Conference Calls and Individual Investors
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.