Ann Mather Sells 31 Shares of Alphabet Inc (NASDAQ:GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) Director Ann Mather sold 31 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $1,300.50, for a total value of $40,315.50. Following the completion of the transaction, the director now owns 1,773 shares in the company, valued at $2,305,786.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ann Mather also recently made the following trade(s):

  • On Monday, November 4th, Ann Mather sold 50 shares of Alphabet stock. The shares were sold at an average price of $1,276.45, for a total value of $63,822.50.
  • On Friday, November 1st, Ann Mather sold 25 shares of Alphabet stock. The stock was sold at an average price of $1,265.00, for a total value of $31,625.00.
  • On Tuesday, October 1st, Ann Mather sold 25 shares of Alphabet stock. The stock was sold at an average price of $1,219.01, for a total value of $30,475.25.

GOOG traded down $15.04 on Monday, hitting $1,289.92. 1,510,863 shares of the stock traded hands, compared to its average volume of 1,428,833. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,335.53. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $900.01 billion, a PE ratio of 27.15, a P/E/G ratio of 1.59 and a beta of 1.02. The business has a fifty day moving average price of $1,284.29 and a two-hundred day moving average price of $1,191.68.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company had revenue of $40.50 billion during the quarter, compared to the consensus estimate of $40.17 billion. During the same quarter in the prior year, the company posted $13.06 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts forecast that Alphabet Inc will post 49.05 EPS for the current fiscal year.

A number of analysts have weighed in on GOOG shares. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Tuesday, October 29th. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 28th. Credit Suisse Group boosted their price objective on Alphabet from $1,500.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average target price of $1,460.27.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Alphabet by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 22,708,312 shares of the information services provider’s stock valued at $24,545,641,000 after purchasing an additional 259,979 shares during the period. BlackRock Inc. grew its stake in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after purchasing an additional 612,804 shares during the period. State Street Corp grew its stake in shares of Alphabet by 0.7% in the 3rd quarter. State Street Corp now owns 11,764,670 shares of the information services provider’s stock valued at $14,341,133,000 after purchasing an additional 81,768 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Alphabet by 6.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock valued at $12,409,352,000 after purchasing an additional 674,924 shares during the period. Finally, Northern Trust Corp grew its position in Alphabet by 0.8% during the 2nd quarter. Northern Trust Corp now owns 4,199,889 shares of the information services provider’s stock worth $4,539,702,000 after acquiring an additional 31,873 shares during the last quarter. Institutional investors own 33.81% 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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