Alphabet Inc. (NASDAQ:GOOG) Major Shareholder 2019 Gp L.L.C. Gv Sells 63,212 Shares

Alphabet Inc. (NASDAQ:GOOG – Get Rating) major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $13.88, for a total transaction of $877,382.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, May 17th, 2019 Gp L.L.C. Gv sold 15,000 shares of Alphabet stock. The stock was sold at an average price of $12.77, for a total transaction of $191,550.00.
• 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 transaction of $2,012,308.48.
• On Friday, May 12th, 2019 Gp L.L.C. Gv sold 27,290 shares of Alphabet stock. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80.
• On Wednesday, May 10th, 2019 Gp L.L.C. Gv sold 87,397 shares of Alphabet stock. The shares were sold at an average price of $14.03, for a total transaction 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 transaction of $1,423,908.36.

Alphabet Stock Performance

NASDAQ:GOOG opened at $125.87 on Tuesday. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $127.05. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $107.71 and a 200-day moving average of $99.08. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings data 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 net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on GOOG shares. Sanford C. Bernstein set a $130.00 target price on shares of Alphabet in a report on Monday, February 6th. JPMorgan Chase & Co. set a $118.00 target price on shares of Alphabet in a report on Thursday, February 9th. Piper Sandler dropped their target price on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. Credit Suisse Group set a $136.00 target price on shares of Alphabet in a report on Friday, February 3rd. Finally, Royal Bank of Canada set a $130.00 target price on shares of Alphabet in a report on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.80.

Institutional Trading of Alphabet

A number of hedge funds have recently made changes to their positions in GOOG. Totem Point Management LLC raised its position in Alphabet by 22.0% during the first 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 in the last quarter. Somerville Kurt F boosted its holdings in Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares in the last quarter. BCK Partners Inc. acquired a new position in Alphabet during the first quarter worth $2,564,000. Hall Capital Management Co. Inc. raised its holdings in Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after buying an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. lifted its position in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying 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 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.