Alphabet Inc. (NASDAQ:GOOG – Get Rating) Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Alphabet Trading Up 1.4 %
Shares of NASDAQ GOOG opened at $102.46 on Friday. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $144.16. The company has a market cap of $1.31 trillion, a PE ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $95.69 and a two-hundred day moving average of $96.82.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alphabet
Analyst Ratings Changes
GOOG has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. UBS Group set a $120.00 target price on shares of Alphabet in a research report on Monday, February 6th. Piper Sandler decreased their target price on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Bank of America lifted their target price on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Finally, Sanford C. Bernstein set a $130.00 target price on shares of Alphabet in a research report on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.13.
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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