Prabhakar Raghavan Sells 3,258 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alphabet Stock Up 0.2 %

NASDAQ:GOOGL opened at $154.92 on Thursday. The firm’s 50-day moving average price is $144.10 and its 200-day moving average price is $138.58. The company has a market capitalization of $1.93 trillion, a PE ratio of 26.71, a P/E/G ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $155.74.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the prior year, the firm earned $1.05 EPS. On average, equities analysts predict that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOGL shares. JMP Securities boosted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Susquehanna boosted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Wolfe Research boosted their price objective on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wedbush boosted their price objective on shares of Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Mizuho boosted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.39.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of GOOGL. Live Oak Investment Partners bought a new position in Alphabet during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Alphabet during the 4th quarter valued at about $30,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet during the 4th quarter valued at about $34,000. VitalStone Financial LLC lifted its stake in Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the period. Finally, Turim 21 Investimentos Ltda. bought a new position in Alphabet during the 3rd quarter valued at about $38,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

About Alphabet

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