Alphabet Inc. (NASDAQ:GOOG) SVP Prabhakar Raghavan Sells 3,258 Shares

Alphabet Inc. (NASDAQ:GOOGGet Free Report) SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $155.87 on Wednesday. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 26.87, a PEG ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a one year low of $102.38 and a one year high of $157.00. The company’s fifty day moving average is $145.15 and its two-hundred day moving average is $139.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Alphabet

Several institutional investors and hedge funds have recently made changes to their positions in the business. Avondale Wealth Management boosted its position in shares of Alphabet by 200.0% in the 1st quarter. Avondale Wealth Management now owns 750 shares of the information services provider’s stock worth $114,000 after buying an additional 500 shares in the last quarter. Park National Corp OH boosted its position in shares of Alphabet by 19.4% in the 1st quarter. Park National Corp OH now owns 15,297 shares of the information services provider’s stock worth $2,329,000 after buying an additional 2,485 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Alphabet in the 1st quarter worth about $66,696,000. General Partner Inc. boosted its position in shares of Alphabet by 7.1% in the 1st quarter. General Partner Inc. now owns 43,420 shares of the information services provider’s stock worth $6,611,000 after buying an additional 2,880 shares in the last quarter. Finally, Appleton Partners Inc. MA boosted its position in shares of Alphabet by 0.6% in the 1st quarter. Appleton Partners Inc. MA now owns 166,209 shares of the information services provider’s stock worth $25,307,000 after buying an additional 1,000 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOOG. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James lifted their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $146.33.

View Our Latest Stock Report on GOOG

Alphabet Company Profile

(Get Free Report)

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, devices, 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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