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

Traders sold shares of Alphabet Inc (NASDAQ:GOOG) on strength during trading hours on Monday. $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 stocks tracked, Alphabet had the 0th 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 topic of a number of analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,150.00 price target on shares of Alphabet in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,052.31.

The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market capitalization of $783,540.00, a P/E ratio of 37.42 and a beta of 0.94.

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

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the completion of the sale, the chief executive officer now directly owns 1,031 shares of the company’s stock, valued at $1,098,231.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the 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 value of $186,149.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,900 shares of company stock worth $33,902,827. 13.92% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. First Command Bank grew its holdings in shares of Alphabet by 19.5% in the second quarter. First Command Bank now owns 319 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 52 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of Alphabet by 1.8% in the second quarter. Stock Yards Bank & Trust Co. now owns 2,025 shares of the information services provider’s stock valued at $1,841,000 after acquiring an additional 35 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of Alphabet by 7.7% in the second quarter. BKD Wealth Advisors LLC now owns 1,005 shares of the information services provider’s stock valued at $913,000 after acquiring an additional 72 shares in the last quarter. Baker Boyer National Bank bought a new position in shares of Alphabet in the second quarter valued at approximately $200,000. Finally, Capital One National Association grew its holdings in shares of Alphabet by 0.7% in the second quarter. Capital One National Association now owns 3,145 shares of the information services provider’s stock valued at $2,858,000 after acquiring an additional 23 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

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Alphabet Company Profile

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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