Prabhakar Raghavan Sells 3,258 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOGGet Free Report) SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link.

Alphabet Trading Down 0.4 %

Shares of NASDAQ:GOOG traded down $0.63 during trading on Tuesday, reaching $155.87. The stock had a trading volume of 17,588,112 shares, compared to its average volume of 23,066,773. The business has a fifty day moving average price of $145.15 and a 200-day moving average price of $139.74. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.94 trillion, a P/E ratio of 26.87, a PEG ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $102.38 and a fifty-two week high of $157.00.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the business posted $1.05 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Avondale Wealth Management increased its position in Alphabet by 200.0% during the first quarter. Avondale Wealth Management now owns 750 shares of the information services provider’s stock worth $114,000 after purchasing an additional 500 shares during the last quarter. Park National Corp OH increased its position in shares of Alphabet by 19.4% in the first quarter. Park National Corp OH now owns 15,297 shares of the information services provider’s stock worth $2,329,000 after acquiring an additional 2,485 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Alphabet in the first quarter worth $66,696,000. General Partner Inc. increased its position in shares of Alphabet by 7.1% in the first quarter. General Partner Inc. now owns 43,420 shares of the information services provider’s stock worth $6,611,000 after acquiring an additional 2,880 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its position in shares of Alphabet by 0.6% in the first quarter. Appleton Partners Inc. MA now owns 166,209 shares of the information services provider’s stock worth $25,307,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of several recent research reports. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna boosted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $146.33.

Check Out Our Latest Stock Report on GOOG

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.

Further Reading

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

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.