Traders Buy Alphabet (GOOG) on Weakness

Traders bought shares of Alphabet Inc (NASDAQ:GOOG) on weakness during trading on Monday. $387.45 million flowed into the stock on the tick-up and $235.67 million flowed out of the stock on the tick-down, for a money net flow of $151.78 million into the stock. Of all equities tracked, Alphabet had the 5th highest net in-flow for the day. Alphabet traded down ($0.05) for the day and closed at $1,095.01

A number of research firms have recently commented on GOOG. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and issued a $1,380.00 price objective (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Piper Jaffray Companies lifted their price objective on Alphabet from $1,250.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,327.66.

The company has a market cap of $762.03 billion, a price-to-earnings ratio of 23.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the consensus estimate of $10.86 by $1.91. The business had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. Alphabet’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $9.70 EPS.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $1,023.13, for a total transaction of $10,231,300.00. Following the transaction, the chief executive officer now owns 816 shares of the company’s stock, valued at approximately $834,874.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director L John Doerr sold 11,908 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,658,413.60. The disclosure for this sale can be found here. Insiders sold a total of 73,805 shares of company stock worth $77,449,341 over the last three months. 13.11% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Diversified Trust Co increased its position in shares of Alphabet by 0.7% in the 3rd quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after buying an additional 10 shares in the last quarter. Bath Savings Trust Co increased its position in shares of Alphabet by 4.1% in the 4th quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after buying an additional 10 shares in the last quarter. Hemenway Trust Co LLC increased its position in shares of Alphabet by 2.9% in the 4th quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after buying an additional 10 shares in the last quarter. TD Capital Management LLC increased its position in shares of Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares in the last quarter. Finally, Meristem Family Wealth LLC increased its position in shares of Alphabet by 1.5% in the 4th quarter. Meristem Family Wealth LLC now owns 690 shares of the information services provider’s stock valued at $715,000 after buying an additional 10 shares in the last quarter. 42.14% of the stock is currently owned by hedge funds and other institutional investors.

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Alphabet Company Profile (NASDAQ:GOOG)

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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