Alphabet Inc. (NASDAQ:GOOG) SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $763.68, for a total value of $1,527,360.00. Following the completion of the transaction, the senior vice president now directly owns 9,748 shares of the company’s stock, valued at $7,444,352.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 758.49 on Wednesday. Alphabet Inc. has a 12 month low of $663.06 and a 12 month high of $816.68. The stock’s 50 day moving average price is $781.12 and its 200-day moving average price is $748.96. The firm has a market capitalization of $522.78 billion, a price-to-earnings ratio of 27.76 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, topping the Zacks’ consensus estimate of $8.62 by $0.44. The business had revenue of $22.45 billion for the quarter, compared to analyst estimates of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. Alphabet’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $7.35 EPS. On average, equities research analysts predict that Alphabet Inc. will post $34.42 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

GOOG has been the subject of several analyst reports. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $847.07 price target for the company. in a research note on Tuesday. Credit Suisse Group AG restated an “outperform” rating and set a $940.00 price target (up previously from $920.00) on shares of Alphabet in a research note on Friday, July 29th. Atlantic Securities set a $910.00 price target on Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. MKM Partners restated a “buy” rating and set a $930.00 price target on shares of Alphabet in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $925.00 price target (up previously from $888.00) on shares of Alphabet in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $940.42.

Large investors have recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its stake in Alphabet by 154.9% in the first quarter. Rafferty Asset Management LLC now owns 1,481 shares of the company’s stock worth $1,103,000 after buying an additional 900 shares during the period. Rockshelter Capital Management LLC raised its stake in Alphabet by 1.9% in the first quarter. Rockshelter Capital Management LLC now owns 18,354 shares of the company’s stock worth $13,673,000 after buying an additional 341 shares during the period. Optimum Investment Advisors raised its stake in Alphabet by 16.5% in the first quarter. Optimum Investment Advisors now owns 2,470 shares of the company’s stock worth $1,840,000 after buying an additional 350 shares during the period. Bank of Nova Scotia Trust Co. raised its stake in Alphabet by 3.5% in the first quarter. Bank of Nova Scotia Trust Co. now owns 1,713 shares of the company’s stock worth $1,276,000 after buying an additional 58 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Alphabet by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,365,990 shares of the company’s stock worth $1,017,595,000 after buying an additional 24,169 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

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