Alphabet Inc. (NASDAQ:GOOGL – Get Rating) Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, May 19th. The shares were sold at an average price of $125.00, for a total transaction of $100,000.00. Following the completion of the sale, the director now directly owns 5,940 shares of the company’s stock, valued at $742,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Alphabet Stock Performance
Alphabet stock opened at $125.05 on Tuesday. The firm’s 50 day simple moving average is $107.11 and its 200 day simple moving average is $98.55. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.59 trillion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $126.43.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter in the prior year, the firm posted $1.23 EPS. As a group, analysts expect that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.
Institutional Trading of Alphabet
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on GOOGL shares. Evercore ISI lifted their price target on shares of Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Bank of America lifted their price target on shares of Alphabet from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. BNP Paribas raised shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a research report on Friday, March 17th. MKM Partners boosted their target price on shares of Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Finally, Truist Financial boosted their target price on shares of Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.06.
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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