Alphabet Inc. (NASDAQ:GOOGL) Director Sells $26,584.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now owns 7,184 shares in the company, valued at $954,897.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alphabet Stock Performance

Shares of GOOGL opened at $134.62 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. The stock has a 50-day moving average of $133.43 and a two-hundred day moving average of $127.08. The stock has a market cap of $1.68 trillion, a P/E ratio of 25.84, a P/E/G ratio of 1.48 and a beta of 1.05. Alphabet Inc. has a one year low of $84.86 and a one year high of $141.22.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The firm had revenue of $64.05 billion during the quarter, compared to the consensus estimate of $63.13 billion. As a group, research analysts predict that Alphabet Inc. will post 5.74 EPS for the current year.

Institutional Trading of Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the business. Modera Wealth Management LLC grew its position in Alphabet by 11.4% during the 1st quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock worth $4,484,000 after purchasing an additional 4,420 shares during the period. Atria Investments Inc boosted its stake in shares of Alphabet by 7.4% in the first quarter. Atria Investments Inc now owns 316,800 shares of the information services provider’s stock worth $32,918,000 after buying an additional 21,907 shares during the last quarter. Cadent Capital Advisors LLC boosted its stake in shares of Alphabet by 3.4% in the second quarter. Cadent Capital Advisors LLC now owns 4,158 shares of the information services provider’s stock worth $498,000 after buying an additional 136 shares during the last quarter. Hallmark Capital Management Inc. grew its holdings in Alphabet by 8.9% during the first quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock worth $17,338,000 after acquiring an additional 13,605 shares during the period. Finally, Soltis Investment Advisors LLC raised its position in Alphabet by 17.1% during the first quarter. Soltis Investment Advisors LLC now owns 46,675 shares of the information services provider’s stock valued at $4,842,000 after acquiring an additional 6,825 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOGL. Morgan Stanley decreased their price target on Alphabet from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Evercore ISI increased their target price on shares of Alphabet from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Rosenblatt Securities lifted their price target on shares of Alphabet from $163.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $130.00 to $135.00 in a research report on Wednesday, July 26th. Finally, Wedbush reissued an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $146.91.

Alphabet Company Profile

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.