John Kent Walker Sells 11,313 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL – Get Rating) insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alphabet Stock Performance

GOOGL stock traded down $2.48 during trading hours on Wednesday, hitting $95.22. 42,237,781 shares of the stock were exchanged, compared to its average volume of 34,479,918. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.23 trillion, a P/E ratio of 18.93, a P/E/G ratio of 1.75 and a beta of 1.09. The company has a 50-day simple moving average of $93.10 and a two-hundred day simple moving average of $101.38. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $151.55.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same quarter in the previous year, the business earned $1.40 EPS. On average, analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Truist Financial decreased their price objective on Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Tigress Financial decreased their price objective on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. Credit Suisse Group boosted their price objective on Alphabet from $128.00 to $145.00 in a research report on Wednesday. Atlantic Securities reduced their price target on Alphabet to $115.00 in a research report on Thursday, October 27th. Finally, MKM Partners reduced their price target on Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Ignite Planners LLC grew its holdings in shares of Alphabet by 1.4% during the 2nd quarter. Ignite Planners LLC now owns 351 shares of the information services provider’s stock worth $834,000 after purchasing an additional 5 shares in the last quarter. Kaizen Financial Strategies grew its holdings in shares of Alphabet by 0.7% during the 2nd quarter. Kaizen Financial Strategies now owns 759 shares of the information services provider’s stock worth $1,654,000 after purchasing an additional 5 shares in the last quarter. Spreng Capital Management Inc. grew its holdings in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares in the last quarter. American Trust Investment Advisors LLC grew its holdings in shares of Alphabet by 1.0% during the 2nd quarter. American Trust Investment Advisors LLC now owns 586 shares of the information services provider’s stock worth $1,277,000 after purchasing an additional 6 shares in the last quarter. Finally, Maple Capital Management Inc. grew its holdings in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Company Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.