Insider Selling: Alphabet Inc. (GOOG) Director Sells $12,499,930.52 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,019.09 on Monday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $737.02 and a one year high of $1,048.39. The firm has a market cap of $708,064.81, a price-to-earnings ratio of 34.12 and a beta of 0.95.

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

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GOOG has been the subject of several analyst reports. Cowen and Company restated an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS AG restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,047.52.

Institutional investors and hedge funds have recently modified their holdings of the business. Burt Wealth Advisors boosted its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 40 shares during the last quarter. Farmers National Bank boosted its position in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares during the last quarter. Finally, Almanack Investment Partners LLC. boosted its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. 34.43% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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