Investors Sell Shares of Alphabet (GOOG) on Strength (GOOG)

Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading on Friday. $397.76 million flowed into the stock on the tick-up and $539.09 million flowed out of the stock on the tick-down, for a money net flow of $141.33 million out of the stock. Of all equities tracked, Alphabet had the 7th highest net out-flow for the day. Alphabet traded up $16.74 for the day and closed at $1,122.26

GOOG has been the subject of a number of research reports. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,052.31.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market cap of $782,040.00, a P/E ratio of 37.38 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period in the previous year, the company posted $9.06 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year.

In other Alphabet news, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $186,149.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the sale, the chief executive officer now directly owns 1,471 shares in the company, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock worth $37,877,147 over the last 90 days. Corporate insiders own 13.92% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of Alphabet by 759.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after acquiring an additional 2,831,099 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Alphabet by 87,001.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after acquiring an additional 1,991,465 shares in the last quarter. Koch Industries Inc. boosted its holdings in shares of Alphabet by 214,636.6% in the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after acquiring an additional 1,161,184 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet by 4.8% in the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Alphabet by 13.9% in the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares in the last quarter. 34.63% of the stock is currently owned by institutional investors.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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