Lawrence Page Sells 100 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOGGet Rating) Director Lawrence Page sold 100 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $2,574.16, for a total value of $257,416.00. Following the completion of the sale, the director now owns 19,527,502 shares of the company’s stock, valued at $50,266,914,548.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lawrence Page also recently made the following trade(s):

  • On Friday, March 18th, Lawrence Page sold 7,080 shares of Alphabet stock. The stock was sold at an average price of $2,690.36, for a total value of $19,047,748.80.
  • On Wednesday, March 16th, Lawrence Page sold 6,572 shares of Alphabet stock. The stock was sold at an average price of $2,646.00, for a total value of $17,389,512.00.
  • On Thursday, February 3rd, Lawrence Page sold 1,200 shares of Alphabet stock. The stock was sold at an average price of $2,975.34, for a total value of $3,570,408.00.
  • On Thursday, January 20th, Lawrence Page sold 8,383 shares of Alphabet stock. The stock was sold at an average price of $2,741.46, for a total value of $22,981,659.18.

NASDAQ:GOOG traded down $45.71 during trading hours on Wednesday, reaching $2,564.91. The company’s stock had a trading volume of 1,129,082 shares, compared to its average volume of 1,504,959. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. Alphabet Inc. has a one year low of $2,230.05 and a one year high of $3,042.00. The business’s 50-day moving average is $2,687.51 and its 200-day moving average is $2,794.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 2.91.

Alphabet’s stock is going to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGGet Rating) last released its quarterly earnings results on Monday, January 31st. The information services provider reported $30.69 earnings per share (EPS) for the quarter, beating the Zacks’ 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 $75.33 billion during the quarter, compared to analysts’ expectations of $71.81 billion. During the same period in the prior year, the company earned $22.30 earnings per share. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 116.69 EPS for the current fiscal year.

Several research firms have issued reports on GOOG. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Tuesday, January 25th. Cowen upped their price target on Alphabet from $3,500.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Bank of America upped their price target on Alphabet from $3,210.00 to $3,470.00 in a report on Wednesday, January 19th. Raymond James upped their price target on Alphabet from $3,400.00 to $3,630.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Finally, Jefferies Financial Group upped their price target on Alphabet from $3,500.00 to $3,600.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $3,349.07.

A number of hedge funds have recently added to or reduced their stakes in GOOG. Morgan Stanley boosted its holdings in Alphabet by 2.1% during the second quarter. Morgan Stanley now owns 2,433,132 shares of the information services provider’s stock valued at $6,098,209,000 after acquiring an additional 50,601 shares during the period. Asio Capital LLC raised its position in shares of Alphabet by 0.8% during the third quarter. Asio Capital LLC now owns 3,000 shares of the information services provider’s stock valued at $7,996,000 after buying an additional 25 shares during the last quarter. Financial Council Asset Management Inc acquired a new position in shares of Alphabet during the third quarter valued at about $296,000. AXS Investments LLC acquired a new position in shares of Alphabet during the third quarter valued at about $1,231,000. Finally, ACG Wealth raised its position in shares of Alphabet by 11.4% during the third quarter. ACG Wealth now owns 559 shares of the information services provider’s stock valued at $1,490,000 after buying an additional 57 shares during the last quarter. Institutional investors own 30.76% of the company’s stock.

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

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