Alphabet Inc. (NASDAQ:GOOG) Director John L. Hennessy Sells 2,100 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alphabet Stock Performance

Shares of GOOG opened at $173.69 on Friday. The firm has a 50-day moving average of $149.12 and a 200-day moving average of $142.75. Alphabet Inc. has a one year low of $104.42 and a one year high of $176.42. The company has a market cap of $2.16 trillion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 6.79 earnings per share for the current year.

Analyst Ratings Changes

GOOG has been the topic of a number of research analyst reports. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $165.67.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of GOOG. Everence Capital Management Inc. boosted its holdings in shares of Alphabet by 0.7% during the 3rd quarter. Everence Capital Management Inc. now owns 124,950 shares of the information services provider’s stock worth $16,475,000 after buying an additional 830 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its holdings in Alphabet by 15.0% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 19,808 shares of the information services provider’s stock valued at $2,757,000 after purchasing an additional 2,580 shares during the period. Essex LLC boosted its holdings in Alphabet by 6.3% in the 3rd quarter. Essex LLC now owns 29,660 shares of the information services provider’s stock valued at $3,911,000 after purchasing an additional 1,768 shares during the period. Capital Investment Advisors LLC boosted its holdings in Alphabet by 14.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 28,953 shares of the information services provider’s stock valued at $3,817,000 after purchasing an additional 3,573 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in Alphabet by 1.1% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 22,332 shares of the information services provider’s stock valued at $2,944,000 after purchasing an additional 234 shares during the period. Institutional investors own 27.26% of the company’s stock.

About Alphabet

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.