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

Alphabet Inc. (NASDAQ:GOOGL – Get Rating) major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $13.88, for a total value of $877,382.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 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 value 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 stock was 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 stock was 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 Trading Up 1.9 %

Shares of GOOGL opened at $125.05 on Tuesday. 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 firm’s 50-day moving average is $107.11 and its two-hundred day moving average is $98.55. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $126.43. The firm has a market capitalization of $1.59 trillion, a P/E ratio of 27.85, a PEG ratio of 1.56 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. During the same period in the prior year, the business posted $1.23 earnings per share. On average, research analysts predict that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOGL. Truist Financial upped their price objective on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Oppenheimer upped their price objective on Alphabet from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. KeyCorp lowered their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, January 30th. Finally, Rosenblatt Securities lowered their target price on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp increased its position in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after purchasing an additional 170,267,122 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares in the last quarter. Finally, Norges Bank purchased a new stake in Alphabet during the 4th quarter worth about $8,335,063,000. Hedge funds and other institutional investors own 34.06% of the company’s stock.

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.