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

Investors sold shares of Alphabet Inc (NASDAQ:GOOGL) on strength during trading on Monday. $336.02 million flowed into the stock on the tick-up and $469.30 million flowed out of the stock on the tick-down, for a money net flow of $133.28 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $13.09 for the day and closed at $1,085.09

Several research firms have recently commented on GOOGL. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective for the company in a research note on Monday, November 6th. Pivotal Research reiterated a “hold” rating and set a $990.00 price objective on shares of Alphabet in a research note on Sunday, October 29th. Stifel Nicolaus lifted their price objective on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 price objective for the company in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,089.17.

The company has a market cap of $747,470.00, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the prior year, the firm posted $9.06 EPS. equities analysts expect that Alphabet Inc will post 32.34 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AustralianSuper Pty Ltd boosted its stake in Alphabet by 61.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 118,100 shares of the information services provider’s stock worth $114,996,000 after purchasing an additional 45,100 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Alphabet by 3.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 783,981 shares of the information services provider’s stock worth $763,378,000 after purchasing an additional 27,989 shares during the period. Shelton Capital Management boosted its stake in Alphabet by 7.6% during the 3rd quarter. Shelton Capital Management now owns 24,828 shares of the information services provider’s stock worth $24,176,000 after purchasing an additional 1,754 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Alphabet during the 3rd quarter worth $17,803,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Alphabet by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 214,898 shares of the information services provider’s stock worth $209,250,000 after purchasing an additional 1,377 shares during the period. 33.53% of the stock is currently 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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