Insider Selling: Alphabet Inc Class C (GOOG) SVP Sells $6,699,178.40 in Stock
Alphabet Inc Class C (NASDAQ:GOOG) SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,177.36, for a total value of $6,699,178.40. Following the transaction, the senior vice president now directly owns 41,234 shares in the company, valued at $48,547,262.24. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of GOOG stock opened at $1,172.53 on Friday. 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 has a fifty-two week low of $909.70 and a fifty-two week high of $1,273.89.
Alphabet Inc Class C (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating analysts’ consensus estimates of $9.66 by $2.09. The business had revenue of $32.66 billion for the quarter, compared to analyst estimates of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The company’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company earned $5.01 earnings per share.
Several research analysts recently issued reports on GOOG shares. BidaskClub lowered Alphabet Inc Class C from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, June 1st. Societe Generale reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, July 6th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 10th. Finally, Nomura reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Wednesday, July 11th. One equities 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’s stock. Alphabet Inc Class C currently has an average rating of “Buy” and a consensus price target of $1,255.72.
Alphabet Inc Class C Company Profile
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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