Alphabet Inc. (NASDAQ:GOOG) Director L John Doerr sold 14,828 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $758.66, for a total value of $11,249,410.48. Following the transaction, the director now owns 4,079 shares in the company, valued at approximately $3,094,574.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.79% during trading on Wednesday, reaching $764.48. The company’s stock had a trading volume of 1,463,912 shares. Alphabet Inc. has a 12 month low of $663.06 and a 12 month high of $816.68. The company’s 50-day moving average is $781.12 and its 200-day moving average is $748.96. The company has a market capitalization of $526.91 billion, a P/E ratio of 27.98 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 27th. The company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.62 by $0.44. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. The company earned $22.45 billion during the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter in the previous year, the company posted $7.35 earnings per share. Alphabet’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post $34.42 EPS for the current fiscal year.

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

Several research analysts have weighed in on GOOG shares. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $765.87 target price on the stock. in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. set a $810.00 target price on Alphabet and gave the company a “buy” rating in a research note on Wednesday, July 20th. MKM Partners reiterated a “buy” rating and issued a $930.00 target price on shares of Alphabet in a research note on Tuesday, July 26th. Jefferies Group reiterated a “buy” rating and issued a $1,000.00 target price (up from $925.00) on shares of Alphabet in a research note on Friday, July 29th. Finally, Needham & Company LLC lifted their target price on Alphabet from $825.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $940.42.

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its position in shares of Alphabet by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,365,990 shares of the company’s stock valued at $1,017,595,000 after buying an additional 24,169 shares during the last quarter. Pacific Global Investment Management CO increased its position in shares of Alphabet by 20.7% in the first quarter. Pacific Global Investment Management CO now owns 7,800 shares of the company’s stock valued at $5,811,000 after buying an additional 1,338 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Alphabet by 9.1% in the first quarter. Pictet Asset Management Ltd. now owns 218,770 shares of the company’s stock valued at $152,651,000 after buying an additional 18,278 shares during the last quarter. Crystal Rock Capital Management increased its position in shares of Alphabet by 3.1% in the first quarter. Crystal Rock Capital Management now owns 7,615 shares of the company’s stock valued at $5,673,000 after buying an additional 230 shares during the last quarter. Finally, AXA increased its position in shares of Alphabet by 3.8% in the first quarter. AXA now owns 290,480 shares of the company’s stock valued at $216,393,000 after buying an additional 10,590 shares during the last quarter. 34.41% of the stock is currently owned by institutional investors and hedge funds.

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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