David C. Drummond Sells 2,000 Shares of Alphabet Inc. (GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $949.77, for a total value of $1,899,540.00. Following the completion of the transaction, the senior vice president now owns 1,800 shares of the company’s stock, valued at approximately $1,709,586. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Alphabet Inc. (NASDAQ GOOG) traded up 0.79% during trading on Friday, reaching $914.39. The company had a trading volume of 1,204,545 shares. The stock’s 50-day moving average price is $937.88 and its 200-day moving average price is $888.43. The company has a market capitalization of $633.56 billion, a PE ratio of 33.14 and a beta of 0.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the prior year, the firm earned $8.42 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.com-unik.info/2017/08/11/david-c-drummond-sells-2000-shares-of-alphabet-inc-goog-stock-updated-updated-updated.html.

GOOG has been the subject of a number of research analyst reports. Citigroup Inc. reiterated a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research report on Monday, June 12th. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $995.83 target price for the company in a research report on Monday, June 26th. Instinet restated a “buy” rating and issued a $925.00 target price on shares of Alphabet in a research report on Wednesday, April 26th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,026.22.

Several hedge funds have recently bought and sold shares of the company. WealthPLAN Partners LLC raised its stake in Alphabet by 1,997.5% in the second quarter. WealthPLAN Partners LLC now owns 4,279 shares of the information services provider’s stock worth $3,888,000 after buying an additional 4,075 shares in the last quarter. Marco Investment Management LLC raised its stake in Alphabet by 44.9% in the second quarter. Marco Investment Management LLC now owns 807 shares of the information services provider’s stock worth $733,000 after buying an additional 250 shares in the last quarter. Advisor Group Inc. raised its stake in Alphabet by 15.5% in the second quarter. Advisor Group Inc. now owns 16,946 shares of the information services provider’s stock worth $14,728,000 after buying an additional 2,268 shares in the last quarter. Elkhorn Investments LLC raised its stake in Alphabet by 0.9% in the second quarter. Elkhorn Investments LLC now owns 1,294 shares of the information services provider’s stock worth $1,201,000 after buying an additional 11 shares in the last quarter. Finally, Glenview Trust Co raised its position in Alphabet by 0.3% in the second quarter. Glenview Trust Co now owns 1,878 shares of the information services provider’s stock valued at $1,707,000 after buying an additional 6 shares during the period. 34.54% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

What are top analysts saying about Alphabet Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alphabet Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit