Alphabet Inc. (NASDAQ:GOOGL) Director Brin Sergey Sells 2,710 Shares

Alphabet Inc. (NASDAQ:GOOGLGet Rating) Director Brin Sergey sold 2,710 shares of the firm’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $2,600.32, for a total transaction of $7,046,867.20. Following the completion of the transaction, the director now directly owns 18,571,041 shares of the company’s stock, valued at $48,290,649,333.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Brin Sergey also recently made the following trade(s):

  • On Monday, April 11th, Brin Sergey sold 2,639 shares of Alphabet stock. The shares were sold at an average price of $2,632.28, for a total transaction of $6,946,586.92.

Shares of NASDAQ GOOGL opened at $2,534.60 on Friday. Alphabet Inc. has a 1 year low of $2,193.62 and a 1 year high of $3,030.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 2.91. The company’s 50-day moving average is $2,690.67 and its 200 day moving average is $2,788.23. The stock has a market capitalization of $1.68 trillion, a P/E ratio of 22.58, a P/E/G ratio of 1.10 and a beta of 1.06.

Alphabet shares are set to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be payable to shareholders after the market closes on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings results on Tuesday, February 1st. The information services provider reported $30.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $26.69 by $4.00. Alphabet had a net margin of 29.51% and a return on equity of 31.56%. The company had revenue of $61.90 billion for the quarter, compared to analysts’ expectations of $59.32 billion. During the same quarter in the previous year, the company earned $22.30 earnings per share. Research analysts anticipate that Alphabet Inc. will post 116.69 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Perkins Coie Trust Co boosted its stake in Alphabet by 3.2% during the first quarter. Perkins Coie Trust Co now owns 2,705 shares of the information services provider’s stock worth $7,523,000 after acquiring an additional 83 shares in the last quarter. Kowal Investment Group LLC boosted its stake in Alphabet by 8.7% during the first quarter. Kowal Investment Group LLC now owns 439 shares of the information services provider’s stock worth $1,221,000 after acquiring an additional 35 shares in the last quarter. WealthBridge Capital Management LLC boosted its stake in Alphabet by 7.5% during the first quarter. WealthBridge Capital Management LLC now owns 328 shares of the information services provider’s stock worth $912,000 after acquiring an additional 23 shares in the last quarter. City Holding Co. boosted its stake in Alphabet by 0.7% during the first quarter. City Holding Co. now owns 8,018 shares of the information services provider’s stock worth $22,300,000 after acquiring an additional 54 shares in the last quarter. Finally, Yarger Wealth Strategies LLC bought a new stake in Alphabet during the first quarter worth about $206,000. 34.47% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Susquehanna Bancshares raised their price target on shares of Alphabet from $3,600.00 to $3,750.00 and gave the company a “positive” rating in a report on Wednesday, February 2nd. Wolfe Research raised their price target on shares of Alphabet from $3,400.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Susquehanna raised their price target on shares of Alphabet from $3,600.00 to $3,750.00 and gave the company a “positive” rating in a report on Wednesday, February 2nd. Tigress Financial lifted their price objective on shares of Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a report on Friday, March 18th. Finally, StockNews.com started coverage on shares of Alphabet in a report on Thursday, March 31st. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $3,382.18.

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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