Ann Mather Sells 22 Shares of Alphabet Inc (NASDAQ:GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) Director Ann Mather sold 22 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,484.27, for a total transaction of $32,653.94. Following the completion of the sale, the director now owns 1,134 shares in the company, valued at $1,683,162.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:GOOG traded up $20.49 on Thursday, hitting $1,490.09. The company’s stock had a trading volume of 1,778,254 shares, compared to its average volume of 1,969,250. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $1,540.66 and a two-hundred day moving average of $1,408.22. The firm has a market capitalization of $1,013.51 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,733.18.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.70. The firm had revenue of $31.60 billion for the quarter, compared to analyst estimates of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. As a group, sell-side analysts anticipate that Alphabet Inc will post 44.74 EPS for the current year.

GOOG has been the topic of several analyst reports. Oppenheimer increased their target price on shares of Alphabet from $1,445.00 to $1,685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Deutsche Bank raised their price objective on shares of Alphabet from $1,700.00 to $1,975.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Pivotal Research raised their price objective on shares of Alphabet from $1,575.00 to $1,725.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Alphabet from a “sell” rating to a “hold” rating in a report on Wednesday, July 15th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,688.62.

Several hedge funds and other institutional investors have recently made changes to their positions in GOOG. Advisor Group Holdings Inc. bought a new position in shares of Alphabet in the 1st quarter worth about $73,436,000. Copper Rock Capital Partners LLC grew its position in shares of Alphabet by 6,302.5% in the second quarter. Copper Rock Capital Partners LLC now owns 594,344 shares of the information services provider’s stock valued at $798,166,000 after purchasing an additional 585,061 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Alphabet by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 3,723,037 shares of the information services provider’s stock valued at $5,262,923,000 after purchasing an additional 340,937 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Alphabet by 101.3% in the second quarter. Nordea Investment Management AB now owns 669,872 shares of the information services provider’s stock valued at $930,532,000 after purchasing an additional 337,121 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new stake in shares of Alphabet in the first quarter valued at approximately $349,424,000. Institutional investors own 32.42% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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