Alphabet Inc (NASDAQ:GOOG) SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total value of $5,988,725.00. Following the sale, the senior vice president now owns 2,897 shares in the company, valued at approximately $3,049,092.50. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,051.94 on Tuesday. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $734,000.00, a P/E ratio of 58.57 and a beta of 1.01. Alphabet Inc has a 52-week low of $803.37 and a 52-week high of $1,186.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $9.36 earnings per share.

Alphabet announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stuart Chaussee & Associates Inc. grew its holdings in Alphabet by 108.3% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock valued at $105,000 after purchasing an additional 52 shares during the period. Burt Wealth Advisors grew its holdings 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 purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings 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 purchasing an additional 5 shares during the period. Price Wealth Management Inc. bought a new position in Alphabet during the fourth quarter valued at $125,000. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the period. 34.46% of the stock is owned by institutional investors.

GOOG has been the topic of several research analyst reports. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. Morningstar restated a “neutral” rating on shares of Alphabet in a research report on Friday, January 19th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, January 12th. Finally, Piper Jaffray Companies upped their target price on Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have assigned a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,061.93.

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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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