Alphabet Inc. (GOOG) VP Sells $171,557.92 in Stock
Alphabet Inc. (NASDAQ:GOOG) VP James Grier Campbell sold 184 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total transaction of $171,557.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
James Grier Campbell also recently made the following trade(s):
- On Monday, July 3rd, James Grier Campbell sold 183 shares of Alphabet stock. The stock was sold at an average price of $911.16, for a total transaction of $166,742.28.
- On Thursday, June 1st, James Grier Campbell sold 183 shares of Alphabet stock. The stock was sold at an average price of $968.95, for a total transaction of $177,317.85.
Shares of Alphabet Inc. (NASDAQ GOOG) opened at 927.96 on Friday. The stock has a 50 day moving average of $943.17 and a 200-day moving average of $884.16. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The firm has a market capitalization of $642.96 billion, a price-to-earnings ratio of 33.63 and a beta of 0.94.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.42 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in GOOG. Shepherd Financial Partners LLC bought a new position in Alphabet during the fourth quarter worth approximately $3,291,000. Worth Venture Partners LLC bought a new position in Alphabet during the fourth quarter worth approximately $1,532,000. Norges Bank bought a new position in Alphabet during the fourth quarter worth approximately $2,128,163,000. Adviser Investments LLC bought a new position in Alphabet during the first quarter worth approximately $1,276,000. Finally, Farmers & Merchants Investments Inc. increased its position in Alphabet by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,464 shares of the information services provider’s stock worth $4,533,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 34.60% of the company’s stock.
Several research analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $1,050.00 price target (up previously from $980.00) on shares of Alphabet in a research report on Friday, April 28th. BMO Capital Markets restated a “market perform” rating and set a $970.00 price target on shares of Alphabet in a research report on Thursday, July 27th. Cantor Fitzgerald restated an “overweight” rating and set a $1,100.00 price target (up previously from $1,070.00) on shares of Alphabet in a research report on Tuesday, July 25th. Needham & Company LLC restated a “buy” rating and set a $1,100.00 price target (up previously from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 25th. Finally, Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,057.00 price target for the company in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,022.32.
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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