Alphabet Inc (NASDAQ:GOOG) Major Shareholder Capitalg Lp Sells 830,211 Shares of Stock

Alphabet Inc (NASDAQ:GOOG) major shareholder Capitalg Lp sold 830,211 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $65.53, for a total transaction of $54,403,726.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Capitalg Lp also recently made the following trade(s):

  • On Tuesday, February 11th, Capitalg Lp sold 282,589 shares of Alphabet stock. The shares were sold at an average price of $65.30, for a total transaction of $18,453,061.70.
  • On Tuesday, February 4th, Capitalg Lp sold 242,124 shares of Alphabet stock. The stock was sold at an average price of $63.65, for a total transaction of $15,411,192.60.
  • On Wednesday, January 22nd, Capitalg Lp sold 12,487 shares of Alphabet stock. The stock was sold at an average price of $63.94, for a total transaction of $798,418.78.
  • On Wednesday, January 15th, Capitalg Lp sold 330,027 shares of Alphabet stock. The stock was sold at an average price of $61.38, for a total transaction of $20,257,057.26.
  • On Monday, January 6th, Capitalg Lp sold 2,085,172 shares of Alphabet stock. The shares were sold at an average price of $52.59, for a total transaction of $109,659,195.48.
  • On Thursday, January 2nd, Capitalg Lp sold 371,081 shares of Alphabet stock. The shares were sold at an average price of $50.26, for a total transaction of $18,650,531.06.
  • On Monday, December 30th, Capitalg Lp sold 555,822 shares of Alphabet stock. The stock was sold at an average price of $50.09, for a total transaction of $27,841,123.98.
  • On Thursday, December 26th, Capitalg Lp sold 73,046 shares of Alphabet stock. The stock was sold at an average price of $50.04, for a total transaction of $3,655,221.84.
  • On Monday, December 9th, Capitalg Lp sold 144,877 shares of Alphabet stock. The stock was sold at an average price of $50.33, for a total value of $7,291,659.41.

Shares of GOOG stock opened at $1,514.66 on Friday. The stock’s 50-day simple moving average is $1,431.92 and its 200-day simple moving average is $1,295.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.35 and a current ratio of 3.37. The firm has a market capitalization of $1,040.52 billion, a PE ratio of 30.80, a P/E/G ratio of 1.69 and a beta of 1.02. Alphabet Inc has a fifty-two week low of $1,025.00 and a fifty-two week high of $1,529.63.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The firm had revenue of $46.08 billion during the quarter, compared to analysts’ expectations of $46.87 billion. During the same period last year, the business posted $10.95 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that Alphabet Inc will post 54.5 earnings per share for the current year.

A number of large investors have recently modified their holdings of GOOG. BlackRock Inc. boosted its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after buying an additional 612,804 shares during the last quarter. Generation Investment Management LLP raised its position in Alphabet by 24.5% during the third quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock valued at $1,393,237,000 after acquiring an additional 224,907 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Alphabet by 9.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,515,209 shares of the information services provider’s stock valued at $3,362,886,000 after acquiring an additional 211,618 shares during the period. Johanson Financial Advisors Inc. acquired a new position in Alphabet in the fourth quarter valued at approximately $105,000. Finally, Sanders Capital LLC boosted its position in Alphabet by 10.5% in the 4th quarter. Sanders Capital LLC now owns 1,384,395 shares of the information services provider’s stock worth $2,039,993,000 after purchasing an additional 131,482 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.

Several brokerages have recently commented on GOOG. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Pivotal Research boosted their target price on Alphabet from $1,650.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Piper Jaffray Companies began coverage on Alphabet in a research note on Tuesday, December 3rd. They issued an “overweight” rating and a $1,500.00 price target for the company. Finally, Guggenheim raised their price target on Alphabet from $1,425.00 to $1,525.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,591.10.

About Alphabet

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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