Alphabet Inc. (NASDAQ:GOOG) Director Ann Mather sold 24 shares of Alphabet stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $915.52, for a total value of $21,972.48. Following the transaction, the director now directly owns 1,680 shares of the company’s stock, valued at approximately $1,538,073.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ann Mather also recently made the following trade(s):
- On Thursday, June 1st, Ann Mather sold 22 shares of Alphabet stock. The shares were sold at an average price of $972.77, for a total value of $21,400.94.
- On Monday, May 1st, Ann Mather sold 22 shares of Alphabet stock. The shares were sold at an average price of $906.62, for a total value of $19,945.64.
Alphabet Inc. (NASDAQ GOOG) traded up 0.98% on Monday, reaching $927.59. 708,031 shares of the company were exchanged. The firm has a market capitalization of $641.66 billion, a P/E ratio of 31.34 and a beta of 0.94. The firm has a 50-day moving average of $952.24 and a 200 day moving average of $860.20. Alphabet Inc. has a 12-month low of $696.43 and a 12-month high of $988.25.
Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $7.38 by $0.35. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The firm had revenue of $24.75 billion during the quarter, compared to analyst estimates of $24.18 billion. During the same quarter last year, the business earned $7.50 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post $33.91 earnings per share for the current year.
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GOOG has been the subject of a number of recent research reports. Societe Generale restated a “buy” rating on shares of Alphabet in a research note on Friday. BidaskClub lowered Alphabet from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 5th. BMO Capital Markets lowered Alphabet from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $1,005.00 to $880.00 in a report on Tuesday, July 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Alphabet in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $992.66.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empirical Finance LLC purchased a new position in Alphabet during the fourth quarter valued at about $115,000. Farmers National Bank raised its position in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Alphabet during the fourth quarter valued at approximately $142,000. Israel Discount Bank of New York GFN bought a new position in shares of Alphabet during the fourth quarter valued at approximately $166,000. Finally, Hemenway Trust Co LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $170,000. 34.63% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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