Investors Sell Shares of Alphabet Inc. (GOOGL) on Strength (GOOGL)
Traders sold shares of Alphabet Inc. (NASDAQ:GOOGL) on strength during trading on Monday. $234.47 million flowed into the stock on the tick-up and $290.47 million flowed out of the stock on the tick-down, for a money net flow of $56.00 million out of the stock. Of all companies tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $9.42 for the day and closed at $727.20
GOOGL has been the topic of several recent research reports. Citigroup Inc. reduced their price target on Alphabet from $924.00 to $900.00 and set a “neutral” rating on the stock in a research note on Friday, April 1st. TheStreet raised Alphabet to a “buy” rating in a research note on Wednesday, March 30th. Morgan Stanley reduced their price target on Alphabet from $900.00 to $850.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $809.35 target price on the stock. in a research note on Monday, May 9th. Finally, Pivotal Research raised Alphabet from a “hold” rating to a “buy” rating and increased their target price for the stock from $800.00 to $970.00 in a research note on Monday, April 11th. Four investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $897.62.
The firm has a 50-day moving average of $721.44 and a 200 day moving average of $735.64. The firm has a market cap of $499.26 billion and a PE ratio of 29.59.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 21st. The company reported $7.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.96 by $0.46. During the same quarter in the prior year, the business posted $6.47 EPS. Analysts predict that Alphabet Inc. will post $33.48 earnings per share for the current year.
Several large investors recently bought and sold shares of GOOGL. Mandatum Life Insurance Co Ltd bought a new stake in Alphabet during the fourth quarter worth about $1,033,000. Enterprise Financial Services Corp increased its stake in Alphabet by 5.2% in the fourth quarter. Enterprise Financial Services Corp now owns 1,349 shares of the company’s stock worth $1,050,000 after buying an additional 67 shares during the last quarter. Hamilton Point Investment Advisors LLC increased its stake in Alphabet by 1.9% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,389 shares of the company’s stock worth $1,081,000 after buying an additional 26 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in Alphabet during the fourth quarter worth about $1,151,000. Finally, Dumont & Blake Investment Advisors LLC increased its stake in Alphabet by 1.7% in the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 1,489 shares of the company’s stock worth $1,158,000 after buying an additional 25 shares during the last quarter.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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