John L. Hennessy Sells 2,100 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Alphabet Trading Up 10.2 %

Alphabet stock opened at $171.95 on Friday. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The business’s fifty day simple moving average is $147.85 and its two-hundred day simple moving average is $141.39. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the business posted $1.05 EPS. As a group, equities analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday. Rosenblatt Securities upped their price target on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen boosted their target price on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Finally, BMO Capital Markets raised their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GOOGL. Tributary Capital Management LLC purchased a new position in shares of Alphabet in the first quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet in the 4th quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet in the 4th quarter worth about $38,000. Richardson Capital Management LLC lifted its stake in Alphabet by 87.5% during the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Finally, Meritage Group LP boosted its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

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.