Brin Sergey Sells 2,639 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGLGet Rating) Director Brin Sergey sold 2,639 shares of the firm’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of $2,632.28, for a total value of $6,946,586.92. Following the completion of the transaction, the director now directly owns 18,599,842 shares in the company, valued at $48,959,992,099.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Alphabet stock traded down $22.18 during mid-day trading on Tuesday, reaching $2,554.29. 1,633,736 shares of the company were exchanged, compared to its average volume of 1,893,834. The business has a fifty day moving average of $2,707.56 and a 200 day moving average of $2,792.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.91 and a current ratio of 2.93. The firm has a market cap of $1.69 trillion, a P/E ratio of 22.76, a PEG ratio of 1.15 and a beta of 1.06. Alphabet Inc. has a 12-month low of $2,193.62 and a 12-month high of $3,030.93.

Shares of Alphabet are going to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be payable to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The information services provider reported $30.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $26.69 by $4.00. The business had revenue of $61.90 billion for the quarter, compared to the consensus estimate of $59.32 billion. Alphabet had a return on equity of 31.56% and a net margin of 29.51%. During the same period in the prior year, the firm posted $22.30 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 117.32 EPS for the current year.

A number of brokerages have issued reports on GOOGL. BMO Capital Markets increased their price target on Alphabet from $3,200.00 to $3,300.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. Sanford C. Bernstein increased their price target on Alphabet from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. Bank of America increased their price target on Alphabet from $3,470.00 to $3,510.00 and gave the stock a “buy” rating in a research note on Wednesday, February 2nd. Mizuho increased their price target on Alphabet from $3,350.00 to $3,600.00 and gave the stock a “buy” rating in a research note on Wednesday, February 2nd. Finally, Wedbush increased their price target on Alphabet from $3,530.00 to $3,800.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. Five research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average price target of $3,384.16.

Several hedge funds have recently modified their holdings of GOOGL. Strategic Asset Management LLC acquired a new position in shares of Alphabet during the third quarter worth $28,000. Morling Financial Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter worth $29,000. West Bancorporation Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $29,000. Wealthgate Family Office LLC acquired a new position in shares of Alphabet during the fourth quarter worth $32,000. Finally, Disciplined Investments LLC increased its position in shares of Alphabet by 200.0% during the third quarter. Disciplined Investments LLC now owns 15 shares of the information services provider’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. 34.47% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile (Get Rating)

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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