Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading hours on Thursday. $155.11 million flowed into the stock on the tick-up and $262.18 million flowed out of the stock on the tick-down, for a money net flow of $107.07 million out of the stock. Of all companies tracked, Alphabet had the 2nd highest net out-flow for the day. Alphabet traded up $2.46 for the day and closed at $1,204.62

Several research analysts recently commented on the company. Cowen reissued an “outperform” rating and set a $1,420.00 target price (up from $1,390.00) on shares of Alphabet in a research note on Thursday. BidaskClub cut Alphabet from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Deutsche Bank reissued a “buy” rating and set a $1,380.00 target price (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,349.78.

The stock has a market capitalization of $835.73 billion, a PE ratio of 25.36, a PEG ratio of 1.41 and a beta of 1.05. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.86 by $1.91. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The business had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. During the same period in the prior year, the firm posted $9.70 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Research analysts predict that Alphabet Inc will post 47.35 EPS for the current year.

In other news, VP Amie Thuener O’toole sold 89 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $463,784.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $1,100.00, for a total value of $41,800.00. The disclosure for this sale can be found here. Insiders sold a total of 16,485 shares of company stock valued at $17,768,923 over the last three months. Company insiders own 13.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of GOOG. Louisiana State Employees Retirement System raised its stake in Alphabet by 0.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the information services provider’s stock valued at $21,482,000 after acquiring an additional 100 shares during the last quarter. Monte Financial Group LLC raised its stake in Alphabet by 17.2% during the 3rd quarter. Monte Financial Group LLC now owns 476 shares of the information services provider’s stock valued at $568,000 after acquiring an additional 70 shares during the last quarter. First American Bank purchased a new stake in Alphabet during the 3rd quarter valued at approximately $3,639,000. Chickasaw Capital Management LLC raised its stake in Alphabet by 16.1% during the 3rd quarter. Chickasaw Capital Management LLC now owns 1,839 shares of the information services provider’s stock valued at $2,195,000 after acquiring an additional 255 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Alphabet by 2.1% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 95,294 shares of the information services provider’s stock valued at $113,730,000 after acquiring an additional 1,925 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

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About Alphabet (NASDAQ:GOOG)

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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