Alphabet Inc (GOOG) VP Sells $208,577.16 in Stock
Alphabet Inc (NASDAQ:GOOG) VP James Grier Campbell sold 194 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $1,075.14, for a total value of $208,577.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
James Grier Campbell also recently made the following trade(s):
- On Thursday, February 1st, James Grier Campbell sold 238 shares of Alphabet stock. The stock was sold at an average price of $1,162.61, for a total value of $276,701.18.
- On Tuesday, January 2nd, James Grier Campbell sold 183 shares of Alphabet stock. The stock was sold at an average price of $1,048.34, for a total value of $191,846.22.
Alphabet Inc (GOOG) traded up $12.01 during midday trading on Monday, reaching $1,090.93. The company had a trading volume of 1,200,000 shares, compared to its average volume of 2,040,000. The stock has a market cap of $759,950.00, a price-to-earnings ratio of 33.99 and a beta of 1.05. Alphabet Inc has a twelve month low of $803.37 and a twelve month high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.
Alphabet announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. increased its position in shares of Alphabet by 108.3% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock valued at $105,000 after purchasing an additional 52 shares during the last quarter. Price Wealth Management Inc. purchased a new stake in Alphabet in the 4th quarter worth about $125,000. Signature Estate & Investment Advisors LLC purchased a new stake in Alphabet in the 4th quarter worth about $132,000. WealthShield LLC purchased a new stake in Alphabet in the 4th quarter worth about $144,000. Finally, Burt Wealth Advisors increased its holdings in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares during the last quarter. 34.51% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on GOOG shares. UBS Group restated a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. Morningstar reiterated a “neutral” rating on shares of Alphabet in a report on Friday, January 19th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, January 12th. Piper Jaffray Companies increased their target price on Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Thursday, January 11th. Finally, Vetr upgraded Alphabet from a “strong sell” rating to a “sell” rating and set a $1,040.56 target price on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $1,066.64.
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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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