Insider Selling: Alphabet Inc. (GOOG) Director Sells 38 Shares of Stock
Alphabet Inc. (NASDAQ:GOOG) Director Ann Mather sold 38 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the transaction, the director now owns 1,797 shares in the company, valued at approximately $1,723,790.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Ann Mather also recently made the following trade(s):
- On Friday, September 1st, Ann Mather sold 37 shares of Alphabet stock. The shares were sold at an average price of $940.67, for a total value of $34,804.79.
- On Tuesday, August 1st, Ann Mather sold 629 shares of Alphabet stock. The shares were sold at an average price of $932.28, for a total value of $586,404.12.
Shares of Alphabet Inc. (NASDAQ GOOG) traded up 0.47% during midday trading on Tuesday, hitting $957.79. 888,346 shares of the stock were exchanged. The firm has a 50-day moving average of $928.78 and a 200-day moving average of $917.09. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25. The company has a market capitalization of $663.63 billion, a P/E ratio of 34.71 and a beta of 0.94.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same period in the prior year, the business posted $8.42 earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Private Asset Management Inc. grew its stake in Alphabet by 0.9% in the third quarter. Private Asset Management Inc. now owns 8,671 shares of the information services provider’s stock worth $8,671,000 after purchasing an additional 78 shares in the last quarter. Curbstone Financial Management Corp boosted its position in Alphabet by 100.6% during the 3rd quarter. Curbstone Financial Management Corp now owns 3,184 shares of the information services provider’s stock valued at $3,054,000 after acquiring an additional 1,597 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of Alphabet by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 10,185 shares of the information services provider’s stock valued at $9,769,000 after acquiring an additional 172 shares during the period. Perpetual Ltd increased its holdings in shares of Alphabet by 186.1% in the 2nd quarter. Perpetual Ltd now owns 68,392 shares of the information services provider’s stock valued at $63,068,000 after acquiring an additional 44,488 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at $478,000. 34.53% of the stock is owned by hedge funds and other institutional investors.
GOOG has been the subject of several recent research reports. Canaccord Genuity cut Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price target for the company. in a report on Thursday, June 15th. They noted that the move was a valuation call. Pivotal Research reissued a “hold” rating and set a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a report on Monday, July 17th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Susquehanna Bancshares Inc restated a “positive” rating and set a $1,200.00 price objective on shares of Alphabet in a research report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,034.31.
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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