Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the transaction, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kavitark Ram Shriram also recently made the following trade(s):
- On Wednesday, October 30th, Kavitark Ram Shriram sold 10,500 shares of Alphabet stock. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00.
Alphabet Price Performance
Shares of GOOGL stock opened at $180.75 on Friday. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The stock has a market cap of $2.23 trillion, a PE ratio of 23.97, a PEG ratio of 1.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm's 50 day moving average price is $162.86 and its two-hundred day moving average price is $169.36.
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Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the business earned $1.55 EPS. As a group, analysts forecast that Alphabet Inc. will post 7.99 EPS for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet's payout ratio is 10.61%.
Analyst Ratings Changes
A number of research analysts have issued reports on GOOGL shares. Morgan Stanley lifted their price objective on Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research report on Thursday, October 24th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $190.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Finally, KeyCorp raised their price objective on Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $205.90.
Check Out Our Latest Research Report on Alphabet
Institutional Investors Weigh In On Alphabet
A number of institutional investors and hedge funds have recently modified their holdings of the company. New Hampshire Trust lifted its holdings in shares of Alphabet by 2.7% during the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider's stock worth $7,963,000 after purchasing an additional 1,132 shares during the period. Berkshire Money Management Inc. bought a new stake in Alphabet in the 1st quarter worth about $359,000. Schneider Downs Wealth Management Advisors LP grew its position in shares of Alphabet by 58.4% during the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider's stock valued at $962,000 after acquiring an additional 2,351 shares during the period. Trinity Financial Advisors LLC grew its position in shares of Alphabet by 4.5% during the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock valued at $771,000 after acquiring an additional 190 shares during the period. Finally, StoneCrest Wealth Management Inc. lifted its stake in shares of Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock valued at $3,567,000 after buying an additional 140 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Alphabet Company Profile
(
Get Free Report)
Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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