Alphabet Inc. (NASDAQ:GOOGL) Insider John Kent Walker Sells 34,799 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGLGet Rating) insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the completion of the sale, the insider now directly owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alphabet Stock Down 0.6 %

Shares of NASDAQ:GOOGL opened at $117.47 on Friday. The firm’s 50 day moving average price is $155.27 and its 200 day moving average price is $137.96. The stock has a market cap of $1.55 trillion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter last year, the firm posted $27.26 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Alphabet from $145.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. MKM Partners dropped their price objective on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a report on Monday, July 18th. Credit Suisse Group dropped their price objective on shares of Alphabet from $143.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. BNP Paribas lowered shares of Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 price objective for the company. in a report on Wednesday, July 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Alphabet from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.36.

Institutional Trading of Alphabet

Several hedge funds have recently added to or reduced their stakes in GOOGL. Dravo Bay LLC acquired a new stake in Alphabet in the first quarter valued at approximately $28,000. Morling Financial Advisors LLC purchased a new position in Alphabet in the fourth quarter valued at approximately $29,000. West Bancorporation Inc. purchased a new position in Alphabet in the fourth quarter valued at approximately $29,000. Financial Enhancement Group LLC purchased a new position in Alphabet in the first quarter valued at approximately $31,000. Finally, Wealthgate Family Office LLC purchased a new position in Alphabet in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOGL)

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