Traders Sell Shares of Alphabet (GOOG) on Strength (GOOG)

Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading on Monday. $397.76 million flowed into the stock on the tick-up and $539.09 million flowed out of the stock on the tick-down, for a money net flow of $141.33 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $16.74 for the day and closed at $1,122.26

A number of equities research analysts have weighed in on the company. SunTrust Banks raised their price target on Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, January 12th. Piper Jaffray Companies raised their price target on Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Finally, BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $1,052.31.

The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $783,540.00, a P/E ratio of 37.42 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Alphabet’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $9.06 earnings per share.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. Following the sale, the chief executive officer now directly owns 1,031 shares of the company’s stock, valued at approximately $1,098,231.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the sale, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders sold 32,900 shares of company stock worth $33,902,827 over the last three months. 13.92% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of Alphabet by 759.0% during the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after purchasing an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Alphabet by 87,001.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after purchasing an additional 1,991,465 shares during the last quarter. Koch Industries Inc. lifted its holdings in shares of Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock valued at $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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