Traders sold shares of Alphabet Inc. (NASDAQ:GOOG) on strength during trading hours on Wednesday following insider selling activity. $275.98 million flowed into the stock on the tick-up and $330.00 million flowed out of the stock on the tick-down, for a money net flow of $54.02 million out of the stock. Of all stocks tracked, Alphabet had the 8th highest net out-flow for the day. Alphabet traded up $5.99 for the day and closed at $764.48Specifically, CEO Lawrence Page sold 16,670 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $827.79, for a total transaction of $13,799,259.30. Following the sale, the chief executive officer now owns 105,670 shares of the company’s stock, valued at $87,472,569.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 193 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $769.26, for a total value of $148,467.18. The disclosure for this sale can be found here. 13.92% of the stock is owned by corporate insiders.

Several research firms recently commented on GOOG. Canaccord Genuity reissued a “buy” rating and issued a $900.00 target price on shares of Alphabet in a report on Monday, October 24th. RBC Capital Markets reissued an “outperform” rating and issued a $1,025.00 target price on shares of Alphabet in a report on Wednesday, October 26th. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $829.20 target price on the stock. in a report on Wednesday, October 19th. Nomura reissued an “outperform” rating and issued a $925.00 target price on shares of Alphabet in a report on Monday, October 24th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $970.00 price objective on shares of Alphabet in a report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have assigned a buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus target price of $940.42.

The firm has a market capitalization of $526.91 billion, a price-to-earnings ratio of 27.98 and a beta of 1.01. The company’s 50 day moving average is $781.12 and its 200-day moving average is $748.96.

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

Several large investors have recently made changes to their positions in the company. Lakeview Capital Partners LLC boosted its stake in shares of Alphabet by 0.3% in the second quarter. Lakeview Capital Partners LLC now owns 327 shares of the company’s stock worth $226,000 after buying an additional 1 shares during the period. GW Henssler & Associates Ltd. boosted its stake in shares of Alphabet by 0.6% in the second quarter. GW Henssler & Associates Ltd. now owns 340 shares of the company’s stock worth $235,000 after buying an additional 2 shares during the period. Shufro Rose & Co. LLC boosted its stake in shares of Alphabet by 0.6% in the second quarter. Shufro Rose & Co. LLC now owns 357 shares of the company’s stock worth $247,000 after buying an additional 2 shares during the period. Alpha Windward LLC boosted its stake in shares of Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock worth $173,000 after buying an additional 2 shares during the period. Finally, 1st Global Advisors Inc. boosted its stake in shares of Alphabet by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 658 shares of the company’s stock worth $455,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

Alphabet Company Profile

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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