Alphabet Inc. (NASDAQ:GOOGL) Director Sells $247,425.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the transaction, the director now directly owns 26,324 shares of the company’s stock, valued at $4,342,143.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alphabet Stock Down 1.4 %

NASDAQ:GOOGL opened at $162.93 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $2.01 trillion, a PE ratio of 24.99, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The stock has a 50-day simple moving average of $161.77 and a 200 day simple moving average of $168.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the company earned $1.44 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Pivotal Research raised Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm reaffirmed a “buy” rating and set a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Argus boosted their price target on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Mizuho boosted their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $201.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Stratos Wealth Advisors LLC grew its stake in Alphabet by 2.0% in the third quarter. Stratos Wealth Advisors LLC now owns 69,788 shares of the information services provider’s stock valued at $11,574,000 after purchasing an additional 1,361 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Alphabet by 4.8% in the third quarter. Stratos Wealth Partners LTD. now owns 334,330 shares of the information services provider’s stock valued at $55,449,000 after purchasing an additional 15,320 shares in the last quarter. Inspire Advisors LLC grew its stake in Alphabet by 10.1% in the third quarter. Inspire Advisors LLC now owns 2,857 shares of the information services provider’s stock valued at $474,000 after purchasing an additional 262 shares in the last quarter. Intergy Private Wealth LLC grew its stake in Alphabet by 11.4% in the third quarter. Intergy Private Wealth LLC now owns 2,270 shares of the information services provider’s stock valued at $376,000 after purchasing an additional 233 shares in the last quarter. Finally, Trust Point Inc. grew its stake in Alphabet by 1.6% in the third quarter. Trust Point Inc. now owns 52,019 shares of the information services provider’s stock valued at $8,627,000 after purchasing an additional 840 shares in the last quarter. 40.03% of the stock is currently owned by 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.