Alphabet Inc. (NASDAQ:GOOG – Get Free Report) Director Kavitark Ram Shriram sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total value of $9,831,750.00. Following the sale, the director now owns 104,364 shares of the company’s stock, valued at approximately $13,681,076.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alphabet Stock Up 1.8 %
Shares of GOOG opened at $134.06 on Friday. Alphabet Inc. has a one year low of $85.57 and a one year high of $142.38. The company has a market cap of $1.68 trillion, a P/E ratio of 25.73, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $134.62 and a two-hundred day simple moving average of $127.29.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC bought a new stake in shares of Alphabet during the third quarter worth $25,000. HWG Holdings LP bought a new stake in shares of Alphabet during the second quarter worth $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Alphabet during the second quarter worth $31,000. Intrepid Capital Management Inc. bought a new stake in shares of Alphabet during the second quarter worth $31,000. Finally, Buck Wealth Strategies LLC bought a new stake in shares of Alphabet in the third quarter worth $32,000. 27.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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