Ann Mather Sells 20 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock
Alphabet Inc. (NASDAQ:GOOGL – Get Rating) Director Ann Mather sold 20 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Ann Mather also recently made the following trade(s):
- On Wednesday, May 25th, Ann Mather sold 21 shares of Alphabet stock. The stock was sold at an average price of $2,102.84, for a total transaction of $44,159.64.
GOOGL stock traded down $6.12 during midday trading on Wednesday, hitting $2,234.03. 1,230,450 shares of the stock were exchanged, compared to its average volume of 1,936,537. The stock’s 50-day moving average price is $2,272.68 and its 200-day moving average price is $2,575.56. The stock has a market cap of $1.47 trillion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.15 and a beta of 1.13. Alphabet Inc. has a fifty-two week low of $2,037.69 and a fifty-two week high of $3,030.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87.
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Alphabet’s stock is going to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 15th.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.70 by ($1.08). The company had revenue of $56.02 billion for the quarter, compared to analysts’ expectations of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the previous year, the business posted $26.29 EPS. Research analysts anticipate that Alphabet Inc. will post 110.83 EPS for the current year.
A number of research firms recently weighed in on GOOGL. Mizuho lowered their price objective on shares of Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Tigress Financial increased their price objective on shares of Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 18th. Morgan Stanley lowered their price objective on shares of Alphabet from $3,270.00 to $3,000.00 in a research report on Wednesday, June 1st. Stifel Nicolaus lowered their price objective on shares of Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Finally, Moffett Nathanson lowered their price objective on shares of Alphabet to $2,650.00 in a research report on Thursday, May 26th. One analyst has rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $3,280.30.
A number of institutional investors have recently added to or reduced their stakes in GOOGL. Dravo Bay LLC purchased a new stake in shares of Alphabet in the first quarter valued at $28,000. Morling Financial Advisors LLC purchased a new stake in Alphabet during the fourth quarter valued at about $29,000. West Bancorporation Inc. acquired a new stake in Alphabet during the fourth quarter worth about $29,000. Financial Enhancement Group LLC purchased a new position in shares of Alphabet in the 1st quarter worth about $31,000. Finally, Wealthgate Family Office LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $32,000. 41.70% of the stock is owned by institutional investors.
Alphabet Company Profile (Get Rating)
Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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