Alphabet Inc. (NASDAQ:GOOG) Insider John Kent Walker Sells 34,799 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGGet Rating) insider John Kent Walker sold 34,799 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the completion of the transaction, the insider now directly owns 18,484 shares in the company, valued at approximately $2,185,733. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alphabet Stock Down 0.5 %

Alphabet stock opened at $118.22 on Friday. Alphabet Inc. has a 1-year low of $102.21 and a 1-year high of $152.10. The firm has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $156.19 and a 200 day simple moving average of $138.46.

Alphabet (NASDAQ:GOOGGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $26.24 by ($25.03). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the previous year, the business earned $27.26 earnings per share. On average, analysts predict that Alphabet Inc. will post 5.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Guggenheim dropped their target price on shares of Alphabet to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Wedbush reissued an “outperform” rating on shares of Alphabet in a research report on Wednesday, April 20th. Raymond James dropped their target price on shares of Alphabet from $181.50 to $159.00 in a research report on Wednesday, April 27th. Piper Sandler dropped their target price on shares of Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Finally, The Goldman Sachs Group set a $150.00 target price on shares of Alphabet in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $158.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SWS Partners purchased a new position in shares of Alphabet during the 1st quarter valued at $28,000. Rational Advisors LLC purchased a new position in shares of Alphabet during the 1st quarter valued at $28,000. IAG Wealth Partners LLC grew its position in shares of Alphabet by 120.0% during the 1st quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 6 shares in the last quarter. Rather & Kittrell Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at $34,000. Finally, Westchester Capital Management Inc. purchased a new position in shares of Alphabet during the 1st quarter valued at $36,000. 31.20% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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