Alphabet Inc (NASDAQ:GOOG) Director John L. Hennessy sold 375 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now owns 80 shares in the company, valued at $96,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Alphabet stock opened at $1,185.55 on Friday. The stock has a market capitalization of $824.18 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $9.70 EPS. As a group, research analysts expect that Alphabet Inc will post 47.38 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Alphabet from a “sell” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, February 12th. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and set a $1,380.00 price target (up from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,327.66.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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