Alphabet Inc. (NASDAQ:GOOGL) Short Interest Update

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 58,010,000 shares, an increase of 10.3% from the February 29th total of 52,600,000 shares. Based on an average daily volume of 30,460,000 shares, the short-interest ratio is presently 1.9 days.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,239 shares of company stock valued at $32,432,382. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. McAlister Sweet & Associates Inc. lifted its position in shares of Alphabet by 9.1% during the first quarter. McAlister Sweet & Associates Inc. now owns 29,943 shares of the information services provider’s stock worth $4,519,000 after purchasing an additional 2,506 shares in the last quarter. Centre Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter worth about $15,747,000. Park National Corp OH lifted its position in shares of Alphabet by 13.0% during the first quarter. Park National Corp OH now owns 417,740 shares of the information services provider’s stock worth $63,049,000 after purchasing an additional 48,125 shares in the last quarter. Burkett Financial Services LLC lifted its position in shares of Alphabet by 31.3% during the first quarter. Burkett Financial Services LLC now owns 840 shares of the information services provider’s stock worth $127,000 after purchasing an additional 200 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Alphabet during the first quarter worth about $429,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOGL shares. BMO Capital Markets boosted their target price on shares of Alphabet from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Mizuho boosted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, StockNews.com raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.48.

Get Our Latest Analysis on Alphabet

Alphabet Trading Down 0.6 %

NASDAQ GOOGL opened at $154.56 on Wednesday. The firm’s 50-day moving average is $144.10 and its two-hundred day moving average is $138.58. Alphabet has a 12 month low of $101.93 and a 12 month high of $155.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 26.65, a PEG ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, sell-side analysts anticipate that Alphabet will post 6.77 earnings per share for the current year.

About Alphabet

(Get Free Report)

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Featured Articles

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.