Investors Sell Shares of Alphabet (GOOG) on Strength (GOOG)
Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading on Monday. $397.76 million flowed into the stock on the tick-up and $539.09 million flowed out of the stock on the tick-down, for a money net flow of $141.33 million out of the stock. Of all companies tracked, Alphabet had the 7th highest net out-flow for the day. Alphabet traded up $16.74 for the day and closed at $1,122.26
Several analysts have weighed in on the company. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research report on Wednesday, January 10th. SunTrust Banks boosted their price objective on Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research report on Saturday, September 23rd. Two investment 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 issued a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,052.31.
The company has a market capitalization of $782,650.00, a P/E ratio of 37.38 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 earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period in the prior year, the firm posted $9.06 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis.
In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. Following the transaction, the chief executive officer now directly owns 1,031 shares of the company’s stock, valued at $1,098,231.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total value of $39,836.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,900 shares of company stock worth $37,877,147. Insiders own 13.92% of the company’s stock.
Large investors have recently made changes to their positions in the company. Burt Wealth Advisors lifted its holdings 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 acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings 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 acquiring an additional 5 shares during the period. Archford Capital Strategies LLC lifted its holdings in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. lifted its holdings 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 acquiring an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its holdings in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.
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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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