Investors sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading hours on Wednesday after an insider sold shares in the company. $275.47 million flowed into the stock on the tick-up and $383.49 million flowed out of the stock on the tick-down, for a money net flow of $108.02 million out of the stock. Of all companies tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $10.22 for the day and closed at $1,131.98Specifically, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the sale, the director now directly owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $38,411,507 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.

Several research firms have commented on GOOG. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a report on Wednesday, January 10th. SunTrust Banks raised their price objective on Alphabet to $1,250.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird restated an “outperform” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,052.31.

The stock has a market capitalization of $789,620.00, a price-to-earnings ratio of 37.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

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

A number of hedge funds have recently made changes to their positions in GOOG. Janus Henderson Group PLC grew its stake in Alphabet by 759.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after buying an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in Alphabet by 87,001.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after acquiring an additional 1,991,465 shares during the period. Koch Industries Inc. lifted its position in Alphabet by 214,636.6% during the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after acquiring an additional 1,161,184 shares during the period. BlackRock Inc. lifted its position in Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares during the period. Finally, Capital World Investors lifted its position in Alphabet by 13.9% during the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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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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