Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Kavitark Ram Shriram also recently made the following trade(s):
GOOG stock traded up $9.43 during trading on Tuesday, hitting $186.53. 34,239,965 shares of the company traded hands, compared to its average volume of 19,549,551. The company has a market cap of $2.28 trillion, a PE ratio of 24.74, a P/E/G ratio of 1.23 and a beta of 1.02. Alphabet Inc. has a 1 year low of $131.06 and a 1 year high of $193.31. The stock's 50-day simple moving average is $171.26 and its 200 day simple moving average is $171.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, December 9th. Alphabet's payout ratio is 10.61%.
Several analysts have recently issued reports on GOOG shares. Canaccord Genuity Group upped their price objective on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Phillip Securities raised Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Citigroup increased their price target on Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.56.
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Several large investors have recently made changes to their positions in the company. M&G PLC acquired a new position in Alphabet during the third quarter worth $2,240,000. Colonial River Wealth Management LLC boosted its stake in Alphabet by 5.3% during the second quarter. Colonial River Wealth Management LLC now owns 2,126 shares of the information services provider's stock worth $390,000 after buying an additional 107 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Alphabet by 14.4% during the third quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock worth $19,642,000 after buying an additional 14,738 shares during the last quarter. Metis Global Partners LLC boosted its stake in Alphabet by 1.4% during the third quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock worth $50,488,000 after buying an additional 4,292 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in Alphabet by 172.9% during the third quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider's stock worth $15,254,000 after buying an additional 57,810 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
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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