John Kent Walker Sells 34,799 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOGGet Rating) insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now owns 18,484 shares in the company, valued at approximately $2,185,733. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Alphabet Price Performance

Shares of GOOG traded down $0.65 during trading hours on Friday, hitting $118.22. 15,565,163 shares of the company were exchanged, compared to its average volume of 31,084,770. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.92 and a beta of 1.07. Alphabet Inc. has a fifty-two week low of $102.21 and a fifty-two week high of $152.10. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average is $156.19 and its 200 day moving average is $138.46.

Alphabet (NASDAQ:GOOGGet Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the business earned $27.26 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GOOG. Susquehanna cut their target price on Alphabet from $187.00 to $150.00 in a research note on Wednesday, July 27th. Canaccord Genuity Group cut their target price on Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Piper Sandler cut their target price on Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Wedbush restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, April 20th. Finally, Guggenheim dropped their price objective on Alphabet to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.40.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of the business. SWS Partners bought a new position in Alphabet in the first quarter valued at about $28,000. Rational Advisors LLC bought a new position in Alphabet in the first quarter valued at about $28,000. IAG Wealth Partners LLC raised its position in Alphabet by 120.0% in the first quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 6 shares during the last quarter. Rather & Kittrell Inc. bought a new position in Alphabet in the fourth quarter valued at about $34,000. Finally, Westchester Capital Management Inc. bought a new position in Alphabet in the first quarter valued at about $36,000. 31.20% of the stock is currently owned by institutional investors.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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

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