Investors Buy High Volume of Alphabet Call Options (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOGGet Free Report) was the recipient of unusually large options trading on Friday. Traders purchased 220,052 call options on the stock. This is an increase of approximately 32% compared to the typical daily volume of 167,074 call options.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 16,088 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 230 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $136.40, for a total value of $31,372.00. Following the completion of the transaction, the director now directly owns 14,515 shares in the company, valued at approximately $1,979,846. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,974 shares of company stock valued at $19,427,217. 12.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently bought and sold shares of the stock. Tandem Wealth Advisors LLC bought a new position in Alphabet in the third quarter valued at approximately $25,000. HWG Holdings LP bought a new position in Alphabet in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC bought a new position in Alphabet in the fourth quarter valued at approximately $26,000. Partnership Wealth Management LLC bought a new position in Alphabet in the fourth quarter valued at approximately $26,000. Finally, Equitec Proprietary Markets LLC bought a new position in Alphabet in the fourth quarter valued at approximately $28,000. 27.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the subject of a number of research reports. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Oppenheimer restated an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a report on Wednesday, October 25th. Finally, Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $146.33.

View Our Latest Stock Analysis on Alphabet

Alphabet Trading Up 2.0 %

Shares of NASDAQ:GOOG opened at $150.22 on Friday. Alphabet has a 52-week low of $88.86 and a 52-week high of $155.20. The company has a market capitalization of $1.88 trillion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The company has a 50-day simple moving average of $142.15 and a 200 day simple moving average of $136.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same period last year, the business posted $1.05 EPS. Alphabet’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Alphabet will post 6.76 earnings per share for the current year.

Alphabet Company Profile

(Get Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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