Capitalg Lp Sells 144,877 Shares of Alphabet Inc (NASDAQ:GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) major shareholder Capitalg Lp sold 144,877 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $50.33, for a total value of $7,291,659.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of GOOG stock opened at $1,347.83 on Friday. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,359.45. The stock has a market cap of $929.58 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.64 and a beta of 1.02. The business has a fifty day simple moving average of $1,304.99 and a 200-day simple moving average of $1,201.67. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. During the same quarter in the prior year, the business earned $13.06 EPS. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc will post 49.03 earnings per share for the current year.

A number of equities research analysts have commented on GOOG shares. ValuEngine downgraded Alphabet from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,412.00 target price for the company in a report on Friday, October 25th. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. Deutsche Bank reduced their target price on Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Stifel Nicolaus raised Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,469.93.

Hedge funds have recently made changes to their positions in the company. Orrstown Financial Services Inc. purchased a new stake in Alphabet during the 3rd quarter worth about $26,000. 1 North Wealth Services LLC purchased a new stake in Alphabet during the 3rd quarter worth about $40,000. Vista Private Wealth Partners. LLC purchased a new stake in Alphabet during the 3rd quarter worth about $46,000. First PREMIER Bank increased its position in Alphabet by 44.4% during the 3rd quarter. First PREMIER Bank now owns 52 shares of the information services provider’s stock worth $63,000 after purchasing an additional 16 shares in the last quarter. Finally, Permanens Capital L.P. increased its position in Alphabet by 180.0% during the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock worth $76,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 33.82% of the company’s stock.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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