Investors purchased shares of Alphabet Inc (NASDAQ:GOOG) on weakness during trading on Thursday following insider selling activity. $729.11 million flowed into the stock on the tick-up and $621.13 million flowed out of the stock on the tick-down, for a money net flow of $107.98 million into the stock. Of all companies tracked, Alphabet had the 14th highest net in-flow for the day. Alphabet traded down ($41.80) for the day and closed at $1,049.08Specifically, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total transaction of $191,846.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 37 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $1,107.87, for a total transaction of $40,991.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,709 shares of company stock valued at $53,035,301. 13.92% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on GOOG. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. TheStreet cut shares of Alphabet from an “a” rating to a “c+” rating in a research note on Thursday, February 1st. Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a research note on Wednesday, January 10th. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 29th. Finally, Stifel Nicolaus cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price target for the company. in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $1,073.56.

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The company has a market capitalization of $762,670.25, a price-to-earnings ratio of 58.45 and a beta of 1.04. 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 (NASDAQ:GOOG) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. Alphabet’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $9.36 earnings per share.

Alphabet announced that its board has initiated a share buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Advantage Inc. raised its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after purchasing an additional 1 shares in the last quarter. Marathon Capital Management raised its holdings in shares of Alphabet by 1.2% in the 2nd quarter. Marathon Capital Management now owns 436 shares of the information services provider’s stock valued at $396,000 after purchasing an additional 5 shares in the last quarter. Blue Edge Capital LLC raised its holdings in shares of Alphabet by 0.6% in the 2nd quarter. Blue Edge Capital LLC now owns 908 shares of the information services provider’s stock valued at $825,000 after purchasing an additional 5 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares in the last quarter. Finally, Glenview Trust Co raised its holdings in shares of Alphabet by 0.3% in the 2nd quarter. Glenview Trust Co now owns 1,878 shares of the information services provider’s stock valued at $1,707,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 34.84% of the company’s stock.

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About Alphabet

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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