Investors sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading hours on Wednesday following insider selling activity. $275.47 million flowed into the stock on the tick-up and $383.49 million flowed out of the stock on the tick-down, for a money net flow of $108.02 million out of the stock. Of all companies tracked, Alphabet had the 14th highest net out-flow for the day. Alphabet traded up $10.22 for the day and closed at $1,131.98Specifically, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total transaction of $4,508,680.00. Following the sale, the chief executive officer now owns 656 shares in the company, valued at $739,423.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the sale, the director now owns 1,805 shares in the company, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,900 shares of company stock worth $38,411,507. 13.92% of the stock is owned by company insiders.

GOOG has been the topic of a number of research analyst reports. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. SunTrust Banks lifted their price target on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a report on Friday, January 12th. Vetr lowered shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target on the stock. in a report on Wednesday, January 10th. Finally, Bank of America reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,052.31.

The stock has a market cap of $789,620.00, a P/E ratio of 37.71 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 results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the previous year, the firm posted $9.06 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in GOOG. Capital Investment Advisory Services LLC increased its position in shares of Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after purchasing an additional 1 shares during the last quarter. Capital Advantage Inc. increased its position in shares of Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after purchasing an additional 1 shares during the last quarter. Foster & Motley Inc. increased its position in shares of Alphabet by 0.8% in the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after purchasing an additional 2 shares during the last quarter. Saratoga Research & Investment Management increased its position in shares of Alphabet by 1.2% in the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after purchasing an additional 3 shares during the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Alphabet by 0.9% in the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after purchasing an additional 3 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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About Alphabet

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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