Alphabet Inc. (NASDAQ:GOOG – Get Free Report) Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alphabet Price Performance
Alphabet stock opened at $156.88 on Thursday. The stock’s fifty day moving average price is $147.15 and its two-hundred day moving average price is $141.61. The firm has a market cap of $1.95 trillion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a one year low of $103.27 and a one year high of $161.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, research analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.
Institutional Investors Weigh In On Alphabet
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on GOOG. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $159.86.
Check Out Our Latest Stock Analysis on Alphabet
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.
Featured Stories
- Five stocks we like better than Alphabet
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- United Airlines Soars on Earnings Beat
- Investing in Construction Stocks
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Golden Cross Stocks: Pattern, Examples and Charts
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.