Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Alphabet Stock Up 0.7 %
Shares of NASDAQ GOOGL opened at $155.47 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The firm has a 50-day moving average price of $145.95 and a 200 day moving average price of $140.29. The stock has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter last year, the business earned $1.05 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.
Institutional Trading of Alphabet
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Roth Mkm cut their target price on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. UBS Group upped their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial boosted their price target on shares of Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.
Read Our Latest Research Report on GOOGL
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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