Alphabet Inc. (NASDAQ:GOOG – Get Rating) Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the transaction, the director now owns 144,740 shares in the company, valued at approximately $14,474,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Alphabet Stock Up 1.4 %
GOOG stock opened at $102.46 on Friday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.30 and a beta of 1.09. The company has a 50 day moving average of $95.69 and a two-hundred day moving average of $96.82.
Alphabet (NASDAQ:GOOG – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. DC Investments Management LLC bought a new position in shares of Alphabet during the 1st quarter valued at $115,000. Guardian Wealth Management Inc. bought a new position in Alphabet in the 1st quarter worth $184,000. Turim 21 Investimentos Ltda. raised its holdings in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. qPULA Trading Management LP bought a new position in Alphabet in the 1st quarter worth $279,000. Finally, Global Assets Advisory LLC bought a new position in Alphabet in the 2nd quarter worth $241,000. Institutional investors own 28.69% of the company’s stock.
Alphabet Company Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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