Investors Sell Shares of Alphabet (GOOG) on Strength (GOOG)

Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading on Friday. $397.76 million flowed into the stock on the tick-up and $539.09 million flowed out of the stock on the tick-down, for a money net flow of $141.33 million out of the stock. Of all companies tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $16.74 for the day and closed at $1,122.26

Several research firms have recently issued reports on GOOG. Vetr lowered Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research note on Wednesday. BidaskClub raised Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday. Piper Jaffray Companies raised their price objective on Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, SunTrust Banks raised their price objective on Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,052.31.

The firm has a market cap of $782,650.00, a price-to-earnings ratio of 37.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Alphabet’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business posted $9.06 EPS.

In other news, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $186,149.43. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the completion of the transaction, the chief executive officer now owns 1,471 shares in the company, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $37,877,147 over the last 90 days. 13.92% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Burt Wealth Advisors boosted its position in shares of Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares in the last quarter. Archford Capital Strategies LLC boosted its position in shares of Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares in the last quarter. Almanack Investment Partners LLC. boosted its position in shares of Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC boosted its position in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 34.63% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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