Alphabet Inc. (NASDAQ:GOOG) Major Shareholder Sells $191,550.00 in Stock

Alphabet Inc. (NASDAQ:GOOG – Get Rating) major shareholder 2019 Gp L.L.C. Gv sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $12.77, for a total value of $191,550.00. Following the sale, the insider now directly owns 10,735,324 shares of the company’s stock, valued at $137,090,087.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Monday, May 15th, 2019 Gp L.L.C. Gv sold 157,952 shares of Alphabet stock. The stock was sold at an average price of $12.74, for a total value of $2,012,308.48.
• On Friday, May 12th, 2019 Gp L.L.C. Gv sold 27,290 shares of Alphabet stock. The stock was sold at an average price of $12.72, for a total value of $347,128.80.
• On Wednesday, May 10th, 2019 Gp L.L.C. Gv sold 87,397 shares of Alphabet stock. The stock was sold at an average price of $14.03, for a total value of $1,226,179.91.
• On Monday, May 8th, 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36.

Alphabet Stock Down 0.2 %

GOOG opened at $123.25 on Friday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $126.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company has a market capitalization of $1.56 trillion, a P/E ratio of 27.45, a P/E/G ratio of 1.57 and a beta of 1.10. The stock has a fifty day moving average of $107.03 and a 200-day moving average of $98.70.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $68.80 billion. During the same quarter last year, the business earned $1.23 earnings per share. Alphabet’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post 5.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GOOG. Westchester Capital Management Inc. increased its position in shares of Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Corrado Advisors LLC bought a new position in Alphabet in the fourth quarter valued at about $27,000. Saban Cheryl grew its position in Alphabet by 1,900.0% in the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 190 shares during the last quarter. Gould Capital LLC grew its position in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 301 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its position in Alphabet by 1,900.0% in the third quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOG. Sanford C. Bernstein set a $130.00 target price on Alphabet in a research note on Monday, February 6th. Raymond James increased their price objective on Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. JPMorgan Chase & Co. set a $118.00 price objective on Alphabet in a report on Thursday, February 9th. Jefferies Financial Group set a $125.00 price objective on Alphabet in a report on Friday, February 3rd. Finally, Credit Suisse Group set a $136.00 price target on Alphabet in a report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $132.80.

Alphabet Company Profile

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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.