Investors purchased shares of Alphabet Inc Class C (NASDAQ:GOOG) on weakness during trading hours on Friday. $2,490.31 million flowed into the stock on the tick-up and $395.75 million flowed out of the stock on the tick-down, for a money net flow of $2,094.56 million into the stock. Of all equities tracked, Alphabet Inc Class C had the 3rd highest net in-flow for the day. Alphabet Inc Class C traded down ($20.78) for the day and closed at $1,166.09

GOOG has been the subject of a number of research reports. BidaskClub upgraded shares of Alphabet Inc Class C from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet Inc Class C in a research report on Monday, July 16th. Nomura reiterated a “buy” rating on shares of Alphabet Inc Class C in a research report on Wednesday, July 11th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a research report on Thursday, June 28th. Finally, Goldman Sachs Group reiterated a “$1,186.96” rating on shares of Alphabet Inc Class C in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,255.72.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The stock has a market cap of $811.54 billion, a P/E ratio of 28.48 and a beta of 1.11.

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

In other news, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the completion of the transaction, the chief executive officer now directly owns 546 shares in the company, valued at $633,589.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amie Thuener O’toole sold 73 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total transaction of $82,914.86. Following the completion of the transaction, the vice president now owns 388 shares of the company’s stock, valued at $440,698.16. The disclosure for this sale can be found here. Insiders sold 88,362 shares of company stock valued at $105,424,908 over the last 90 days. 13.11% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in GOOG. HC Financial Advisors Inc. purchased a new stake in Alphabet Inc Class C in the fourth quarter valued at approximately $1,156,000. Bamco Inc. NY raised its stake in Alphabet Inc Class C by 0.4% in the fourth quarter. Bamco Inc. NY now owns 26,279 shares of the information services provider’s stock valued at $27,498,000 after purchasing an additional 107 shares in the last quarter. Social Capital PEP Management LLC purchased a new stake in Alphabet Inc Class C in the fourth quarter valued at approximately $18,289,000. Quantitative Investment Management LLC raised its stake in Alphabet Inc Class C by 130.0% in the fourth quarter. Quantitative Investment Management LLC now owns 23,000 shares of the information services provider’s stock valued at $24,067,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its stake in Alphabet Inc Class C by 37.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 561,820 shares of the information services provider’s stock valued at $587,888,000 after purchasing an additional 154,239 shares in the last quarter. Institutional investors own 34.20% of the company’s stock.

Alphabet Inc Class C Company Profile (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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