Traders bought shares of Alphabet Inc Class C (NASDAQ:GOOG) on weakness during trading hours on Friday following insider selling activity. $312.67 million flowed into the stock on the tick-up and $206.23 million flowed out of the stock on the tick-down, for a money net flow of $106.44 million into the stock. Of all stocks tracked, Alphabet Inc Class C had the 5th highest net in-flow for the day. Alphabet Inc Class C traded down ($2.80) for the day and closed at $1,172.53Specifically, Director Ann Mather sold 24 shares of Alphabet Inc Class C stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $1,100.00, for a total value of $26,400.00. Following the sale, the director now owns 1,870 shares of the company’s stock, valued at $2,057,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $1,179.07, for a total transaction of $11,790,700.00. Following the completion of the sale, the chief executive officer now directly owns 587 shares in the company, valued at approximately $692,114.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,362 shares of company stock worth $105,611,408. Insiders own 13.11% of the company’s stock.

Several analysts recently commented on the stock. Oppenheimer reiterated a “buy” rating on shares of Alphabet Inc Class C in a research note on Wednesday, July 25th. Cowen raised their price objective on shares of Alphabet Inc Class C from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Friday, July 13th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Barclays reiterated a “buy” rating on shares of Alphabet Inc Class C in a research note on Monday, August 20th. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. Alphabet Inc Class C has a consensus rating of “Buy” and an average price target of $1,255.72.

The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $809.26 billion, a PE ratio of 28.40 and a beta of 1.11.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.66 by $2.09. The company had revenue of $32.66 billion during the quarter, compared to analysts’ expectations of $32.13 billion. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.01 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC grew its holdings in shares of Alphabet Inc Class C by 132,719.3% during the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after buying an additional 18,665,638 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Alphabet Inc Class C by 684.2% during the first quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after buying an additional 1,845,160 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Alphabet Inc Class C by 18,323.9% during the second quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock worth $1,064,798,000 after buying an additional 949,177 shares in the last quarter. Mainstay Capital Management LLC ADV grew its holdings in shares of Alphabet Inc Class C by 79,743.5% during the second quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after buying an additional 795,840 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Alphabet Inc Class C by 114,793.0% during the second quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after buying an additional 723,196 shares in the last quarter. Institutional investors own 34.31% of the company’s stock.

About Alphabet Inc Class C (NASDAQ:GOOG)

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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