Alphabet Inc (NASDAQ:GOOG) Director L John Doerr sold 11,908 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,658,413.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ:GOOG opened at $1,020.00 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The company has a market cap of $738.67 billion, a P/E ratio of 23.89 and a beta of 1.16. Alphabet Inc has a fifty-two week low of $980.64 and a fifty-two week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.41 by $2.65. The firm had revenue of $27.16 billion during the quarter. Alphabet had a net margin of 14.45% and a return on equity of 19.40%.

Hedge funds have recently modified their holdings of the business. Ironwood Financial llc boosted its position in Alphabet by 111.1% in the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after buying an additional 50 shares during the period. Braun Bostich & Associates Inc. purchased a new position in Alphabet in the 1st quarter valued at approximately $107,000. Patton Albertson Miller Group LLC purchased a new position in Alphabet in the 3rd quarter valued at approximately $116,000. ELM Advisors LLC purchased a new position in Alphabet in the 3rd quarter valued at approximately $138,000. Finally, JJJ Advisors Inc. purchased a new position in Alphabet in the 2nd quarter valued at approximately $134,000. 33.96% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Oppenheimer restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 25th. Barclays restated a “buy” rating on shares of Alphabet in a report on Friday, October 26th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 24th. Wedbush assumed coverage on shares of Alphabet in a report on Wednesday, October 17th. They set an “outperform” rating for the company. Finally, Canaccord Genuity cut their price target on shares of Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating for the company in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have issued a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,301.81.

TRADEMARK VIOLATION WARNING: “Alphabet Inc (GOOG) Director L John Doerr Sells 11,908 Shares” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2018/11/20/alphabet-inc-goog-director-l-john-doerr-sells-11908-shares.html.

Alphabet 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.

See Also: How to Use a Moving Average for TradingĀ 

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.