Traders Sell Alphabet (GOOG) on Strength (GOOG)

Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading hours on Tuesday. $231.48 million flowed into the stock on the tick-up and $336.99 million flowed out of the stock on the tick-down, for a money net flow of $105.51 million out of the stock. Of all equities tracked, Alphabet had the 33rd highest net out-flow for the day. Alphabet traded up $4.91 for the day and closed at $1,118.56

A number of brokerages have weighed in on GOOG. Deutsche Bank reissued a “buy” rating and set a $1,380.00 price target (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 6th. JMP Securities reissued a “neutral” rating on shares of Alphabet in a research report on Friday, November 2nd. Piper Jaffray Companies boosted their price target on Alphabet from $1,250.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,327.66.

The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The stock has a market cap of $777.61 billion, a P/E ratio of 23.54 and a beta of 1.06.

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

In related news, VP Amie Thuener O’toole sold 80 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $1,103.12, for a total transaction of $88,249.60. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at $428,010.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 194 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total value of $217,411.92. Following the sale, the director now directly owns 1,797 shares in the company, valued at approximately $2,013,861.96. The disclosure for this sale can be found here. Insiders sold 51,897 shares of company stock worth $54,565,299 in the last ninety days. 13.11% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Ayalon Holdings Ltd. bought a new stake in Alphabet during the fourth quarter worth $32,000. 1 North Wealth Services LLC bought a new position in shares of Alphabet in the 4th quarter valued at $34,000. First PREMIER Bank lifted its stake in shares of Alphabet by 80.0% in the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 16 shares during the last quarter. TD Capital Management LLC lifted its stake 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 acquiring an additional 10 shares during the last quarter. Finally, Lake Point Wealth Management bought a new position in shares of Alphabet in the 4th quarter valued at $37,000. 34.02% of the stock is currently owned by institutional investors and hedge funds.

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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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