Alphabet Inc. (NASDAQ:GOOG) SVP David C. Drummond sold 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $931.32, for a total value of $1,862,640.00. Following the sale, the senior vice president now owns 800 shares in the company, valued at $745,056. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alphabet Inc. (GOOG) traded down 0.05% during mid-day trading on Tuesday, hitting $922.22. The stock had a trading volume of 875,975 shares. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25. The company has a market cap of $638.99 billion, a P/E ratio of 33.42 and a beta of 0.94. The company has a 50-day moving average price of $935.43 and a 200 day moving average price of $890.62.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.42 EPS. Equities research analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on GOOG. UBS AG reiterated a “buy” rating and set a $1,050.00 price target (up from $980.00) on shares of Alphabet in a research report on Friday, April 28th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Wednesday, August 9th. MKM Partners reiterated a “buy” rating and set a $1,210.00 price target (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,026.22.

A number of large investors have recently bought and sold shares of GOOG. Burt Wealth Advisors boosted its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after buying an additional 5 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank boosted its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares in the last quarter. Finally, Almanack Investment Partners LLC. boosted its stake in Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after buying an additional 7 shares in the last quarter. 34.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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