Traders bought shares of Alphabet Inc Class C (NASDAQ:GOOG) on weakness during trading hours on Thursday. $365.37 million flowed into the stock on the tick-up and $277.01 million flowed out of the stock on the tick-down, for a money net flow of $88.36 million into the stock. Of all stocks tracked, Alphabet Inc Class C had the 9th highest net in-flow for the day. Alphabet Inc Class C traded down ($1.95) for the day and closed at $1,205.38

A number of analysts recently weighed in on GOOG shares. BidaskClub downgraded Alphabet Inc Class C from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Morgan Stanley restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, May 18th. Societe Generale restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, July 6th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 10th. Finally, Nomura restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,245.96.

The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The stock has a market cap of $836.26 billion, a price-to-earnings ratio of 38.09 and a beta of 1.13.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The firm had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the previous year, the company posted $5.01 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis.

In other news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $1,139.18, for a total transaction of $11,391,800.00. Following the transaction, the chief executive officer now directly owns 912 shares of the company’s stock, valued at $1,038,932.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 24 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $1,100.00, for a total value of $26,400.00. Following the transaction, the director now directly owns 1,870 shares in the company, valued at $2,057,000. The disclosure for this sale can be found here. Insiders sold 88,369 shares of company stock valued at $104,846,172 in the last quarter. Corporate insiders own 13.11% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Egerton Capital UK LLP purchased a new stake in Alphabet Inc Class C in the fourth quarter worth $462,663,000. Barings LLC grew its stake in Alphabet Inc Class C by 12.7% in the fourth quarter. Barings LLC now owns 19,682 shares of the information services provider’s stock worth $20,595,000 after purchasing an additional 2,216 shares during the period. Cetera Advisors LLC grew its stake in Alphabet Inc Class C by 7.5% in the fourth quarter. Cetera Advisors LLC now owns 4,846 shares of the information services provider’s stock worth $5,036,000 after purchasing an additional 339 shares during the period. Cape ANN Savings Bank purchased a new stake in Alphabet Inc Class C in the fourth quarter worth $599,000. Finally, Willingdon Wealth Management grew its stake in Alphabet Inc Class C by 6.9% in the fourth quarter. Willingdon Wealth Management now owns 3,020 shares of the information services provider’s stock worth $3,160,000 after purchasing an additional 194 shares during the period. 34.32% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc Class C Company Profile (NASDAQ:GOOG)

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Recommended Story: Stock Symbols and CUSIP Explained

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