Alphabet Inc. (NASDAQ:GOOG – Get Free Report) Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Alphabet Price Performance
Shares of Alphabet stock opened at $156.33 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50-day simple moving average is $146.73 and its 200-day simple moving average is $141.34. Alphabet Inc. has a twelve month low of $103.27 and a twelve month high of $161.70. The firm has a market cap of $1.94 trillion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm 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 company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.
Hedge Funds Weigh In On Alphabet
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GOOG. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Raymond James boosted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Susquehanna boosted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average target price of $157.50.
Read Our Latest Stock Report on GOOG
Alphabet Company Profile
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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