Sergey Brin Sells 13,889 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) Director Sergey Brin sold 13,889 shares of the company’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $2,876.30, for a total transaction of $39,948,930.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sergey Brin also recently made the following trade(s):

  • On Wednesday, August 11th, Sergey Brin sold 13,889 shares of Alphabet stock. The shares were sold at an average price of $2,733.61, for a total transaction of $37,967,109.29.
  • On Monday, August 9th, Sergey Brin sold 13,889 shares of Alphabet stock. The shares were sold at an average price of $2,724.78, for a total transaction of $37,844,469.42.

Alphabet stock opened at $2,868.12 on Wednesday. The stock has a market cap of $1.91 trillion, a P/E ratio of 31.09, a PEG ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.15 and a quick ratio of 3.14. Alphabet Inc. has a 1 year low of $1,406.55 and a 1 year high of $2,936.41. The firm’s 50 day moving average price is $2,761.21 and its 200-day moving average price is $2,467.80.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 26th. The information services provider reported $27.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $19.89 by $7.37. Alphabet had a net margin of 28.57% and a return on equity of 27.87%. The firm had revenue of $61.88 billion for the quarter, compared to analysts’ expectations of $56.08 billion. During the same quarter last year, the business posted $10.13 earnings per share. The company’s revenue for the quarter was up 61.6% compared to the same quarter last year. As a group, equities analysts expect that Alphabet Inc. will post 101.86 EPS for the current year.

Several analysts recently commented on GOOG shares. Barclays increased their price objective on shares of Alphabet from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Susquehanna raised their price target on shares of Alphabet from $3,100.00 to $3,600.00 and gave the company a “positive” rating in a report on Wednesday, July 28th. BMO Capital Markets raised their price target on shares of Alphabet from $2,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Stifel Nicolaus raised their price target on shares of Alphabet from $2,700.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Finally, Jefferies Financial Group raised their price target on shares of Alphabet from $2,950.00 to $3,150.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $3,087.17.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Saban Cheryl bought a new stake in Alphabet in the second quarter worth $25,000. Laurel Wealth Planning LLC boosted its stake in Alphabet by 450.0% during the second quarter. Laurel Wealth Planning LLC now owns 11 shares of the information services provider’s stock worth $28,000 after buying an additional 9 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in Alphabet during the first quarter worth $31,000. True Link Financial Advisors LLC purchased a new position in Alphabet during the second quarter worth $33,000. Finally, Corsicana & Co. purchased a new position in Alphabet during the second quarter worth $50,000. Institutional investors own 31.55% of the company’s stock.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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