Alphabet Inc. (NASDAQ:GOOG – Get Rating) SVP Prabhakar Raghavan sold 490 shares of Alphabet stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now directly owns 497 shares of the company’s stock, valued at $1,160,644.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Prabhakar Raghavan also recently made the following trade(s):
- On Monday, April 4th, Prabhakar Raghavan sold 1,276 shares of Alphabet stock. The shares were sold at an average price of $2,816.49, for a total transaction of $3,593,841.24.
Shares of GOOG opened at $2,451.50 on Thursday. The stock has a fifty day simple moving average of $2,630.69 and a two-hundred day simple moving average of $2,766.33. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.62 trillion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. Alphabet Inc. has a 52-week low of $2,230.05 and a 52-week high of $3,042.00.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same quarter last year, the business earned $26.29 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 112.62 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. Tigress Financial increased their price target on Alphabet from $3,540.00 to $3,670.00 in a research report on Friday, March 18th. Jefferies Financial Group boosted their price objective on Alphabet from $3,500.00 to $3,600.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Bank of America upped their target price on Alphabet from $3,210.00 to $3,470.00 in a research note on Wednesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Alphabet from $3,150.00 to $2,900.00 in a research note on Wednesday, April 27th. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average target price of $3,308.77.
A number of large investors have recently bought and sold shares of GOOG. Hoese & Co LLP raised its stake in shares of Alphabet by 400.0% in the 4th quarter. Hoese & Co LLP now owns 10 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 8 shares during the period. Maryland Capital Advisors Inc. purchased a new stake in Alphabet in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its stake in Alphabet by 120.0% during the first quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock worth $31,000 after purchasing an additional 6 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Alphabet during the fourth quarter worth $35,000. Finally, Rather & Kittrell Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $34,000. Institutional investors own 31.20% of the company’s stock.
About Alphabet (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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