Alphabet Inc. (NASDAQ:GOOG) Insider Sells $1,131,300.00 in Stock

Alphabet Inc. (NASDAQ:GOOGGet Rating) insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now directly owns 41,970 shares in the company, valued at $4,197,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Alphabet Price Performance

Alphabet stock traded down $2.48 during midday trading on Wednesday, reaching $96.73. The company had a trading volume of 30,954,043 shares, compared to its average volume of 26,617,439. The company has a market capitalization of $1.25 trillion, a P/E ratio of 19.14, a P/E/G ratio of 1.78 and a beta of 1.08. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. The firm’s fifty day simple moving average is $93.63 and its 200-day simple moving average is $102.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOG. Deutsche Bank Aktiengesellschaft cut their target price on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Cowen cut their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a report on Wednesday, October 26th. Raymond James lowered their price target on shares of Alphabet from $120.00 to $116.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Piper Sandler lowered their price target on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GOOG. Totem Point Management LLC raised its holdings in Alphabet by 22.0% in the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after acquiring an additional 571 shares during the last quarter. Somerville Kurt F raised its holdings in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. acquired a new stake in Alphabet in the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. raised its holdings in Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. raised its holdings in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the last quarter. 28.69% of the stock is owned by hedge funds and other institutional investors.

About Alphabet

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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

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