Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) Insider Sells 11,313 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL – Get Rating) insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares in the company, valued at approximately $4,197,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alphabet Trading Down 2.5 %

NASDAQ:GOOGL traded down $2.48 on Wednesday, hitting $95.22. 42,237,781 shares of the stock were exchanged, compared to its average volume of 34,479,918. The stock has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.75 and a beta of 1.09. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company’s 50-day moving average price is $93.10 and its 200 day moving average price is $101.38.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period in the prior year, the firm posted $1.40 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GOOGL shares. StockNews.com started coverage on shares of Alphabet in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Needham & Company LLC dropped their target price on shares of Alphabet from $160.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, December 22nd. KeyCorp dropped their target price on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 25th. Credit Suisse Group lifted their price target on shares of Alphabet from $128.00 to $145.00 in a research note on Wednesday. Finally, Tigress Financial decreased their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 6th. Five research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $132.20.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cadinha & Co. LLC raised its holdings in Alphabet by 34.5% during the 4th quarter. Cadinha & Co. LLC now owns 23,370 shares of the information services provider’s stock worth $2,062,000 after purchasing an additional 5,990 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $6,143,000. Deltec Asset Management LLC increased its stake in shares of Alphabet by 2.9% in the 4th quarter. Deltec Asset Management LLC now owns 282,100 shares of the information services provider’s stock valued at $24,890,000 after acquiring an additional 8,000 shares during the last quarter. Westhampton Capital LLC increased its stake in shares of Alphabet by 3.2% in the 4th quarter. Westhampton Capital LLC now owns 14,334 shares of the information services provider’s stock valued at $1,265,000 after acquiring an additional 450 shares during the last quarter. Finally, Pettee Investors Inc. increased its stake in shares of Alphabet by 7.3% in the 4th quarter. Pettee Investors Inc. now owns 2,360 shares of the information services provider’s stock valued at $208,000 after acquiring an additional 160 shares during the last quarter. 34.06% of the stock is owned by institutional investors.

Alphabet Company Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.