John Kent Walker Sells 34,799 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL – Get Rating) insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the transaction, the insider now directly owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $0.72 during trading hours on Friday, hitting $117.47. 19,086,889 shares of the company’s stock traded hands, compared to its average volume of 38,337,297. Alphabet Inc. has a 52 week low of $101.88 and a 52 week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. The company’s fifty day simple moving average is $155.27 and its two-hundred day simple moving average is $137.96. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the business posted $27.26 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 5.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Barclays dropped their price objective on shares of Alphabet from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, July 5th. StockNews.com downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Susquehanna Bancshares reduced their price objective on shares of Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, July 27th. Susquehanna reduced their price objective on shares of Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, July 27th. Finally, Guggenheim dropped their target price on shares of Alphabet to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 1.4% in the first quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after buying an additional 331,945 shares during the period. State Street Corp boosted its holdings in shares of Alphabet by 1.4% during the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock worth $32,599,789,000 after purchasing an additional 157,280 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,322,633 shares of the information services provider’s stock worth $15,381,257,000 after purchasing an additional 116,084 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $14,477,662,000. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Alphabet by 699,790.2% during the first quarter. Aaron Wealth Advisors LLC now owns 4,703,262 shares of the information services provider’s stock worth $1,691,000 after purchasing an additional 4,702,590 shares during the period. 41.70% of the stock is currently owned by institutional investors and hedge funds.

About Alphabet

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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.