Alphabet Inc (NASDAQ:GOOG) VP James Grier Campbell sold 194 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $1,075.14, for a total value of $208,577.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Grier Campbell also recently made the following trade(s):
- On Thursday, February 1st, James Grier Campbell sold 238 shares of Alphabet stock. The shares were sold at an average price of $1,162.61, for a total value of $276,701.18.
- On Tuesday, January 2nd, James Grier Campbell sold 183 shares of Alphabet stock. The shares were sold at an average price of $1,048.34, for a total value of $191,846.22.
Alphabet Inc (NASDAQ GOOG) traded up $9.86 during midday trading on Wednesday, hitting $1,148.03. The stock had a trading volume of 1,079,399 shares, compared to its average volume of 1,756,900. The firm has a market capitalization of $795,220.00, a price-to-earnings ratio of 35.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc has a 52 week low of $803.37 and a 52 week high of $1,186.89.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $9.36 EPS.
Alphabet announced that its board has approved a share buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Alphabet by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock valued at $18,574,476,000 after buying an additional 589,654 shares during the last quarter. BlackRock Inc. raised its position in Alphabet by 0.4% in the 4th quarter. BlackRock Inc. now owns 18,718,488 shares of the information services provider’s stock valued at $19,587,026,000 after buying an additional 71,862 shares during the last quarter. FMR LLC raised its position in Alphabet by 0.4% in the 2nd quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock valued at $12,696,484,000 after buying an additional 62,507 shares during the last quarter. Capital World Investors raised its position in Alphabet by 13.9% in the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after buying an additional 776,853 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Alphabet by 3.2% in the 2nd quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock valued at $4,528,593,000 after buying an additional 155,151 shares during the last quarter. 34.86% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on GOOG shares. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. Morningstar restated a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Piper Jaffray Companies raised their price target on Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday, January 11th. Finally, Vetr upgraded Alphabet from a “strong sell” rating to a “sell” rating and set a $1,040.56 price target on the stock in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,072.37.
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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