Alphabet Inc. (NASDAQ:GOOGL) Director Sells $3,448,820.16 in Stock

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the sale, the director directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kavitark Ram Shriram also recently made the following trade(s):

• On Friday, July 18th, Kavitark Ram Shriram sold 15,000 shares of Alphabet stock. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00.
• On Thursday, May 22nd, Kavitark Ram Shriram sold 9,000 shares of Alphabet stock. The stock was sold at an average price of $175.00, for a total transaction of $1,575,000.00.
• On Thursday, May 22nd, Kavitark Ram Shriram sold 10,500 shares of Alphabet stock. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $0.97 during midday trading on Wednesday, hitting $190.37. The company's stock had a trading volume of 29,773,558 shares, compared to its average volume of 32,311,247. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a market cap of $2.31 trillion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The business's 50 day simple moving average is $172.90 and its 200 day simple moving average is $172.89.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the previous year, the company posted $1.89 EPS. On average, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently modified their holdings of GOOGL. Missouri Trust & Investment Co raised its holdings in shares of Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock valued at $2,981,000 after purchasing an additional 55 shares in the last quarter. AM Investment Strategies LLC raised its stake in Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock valued at $1,141,000 after purchasing an additional 57 shares during the last quarter. Perritt Capital Management Inc lifted its position in Alphabet by 10.4% during the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after buying an additional 58 shares in the last quarter. Nia Impact Advisors LLC lifted its holdings in shares of Alphabet by 0.3% in the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after acquiring an additional 59 shares during the last quarter. Finally, Bfsg LLC boosted its holdings in Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock valued at $1,838,000 after purchasing an additional 59 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOGL. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Citigroup reiterated a "buy" rating and issued a $203.00 price objective (up from $200.00) on shares of Alphabet in a research report on Tuesday, June 24th. Cantor Fitzgerald boosted their price objective on shares of Alphabet from $171.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Roth Capital restated a "buy" rating and set a $205.00 price objective (up previously from $180.00) on shares of Alphabet in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein lifted their price target on shares of Alphabet from $185.00 to $195.00 and gave the company a "market perform" rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $203.32.

Alphabet Company Profile

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.