Ann Mather Sells 380 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Posted by on Jun 30th, 2023

Alphabet Inc. (NASDAQ:GOOG – Free Report) Director Ann Mather sold 380 shares of Alphabet stock in a transaction on Monday, June 26th. The shares were sold at an average price of $121.42, for a total value of $46,139.60. Following the sale, the director now directly owns 4,700 shares in the company, valued at approximately $570,674. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ann Mather also recently made the following trade(s):

  • On Friday, June 2nd, Ann Mather sold 9,540 shares of Alphabet stock. The stock was sold at an average price of $125.33, for a total value of $1,195,648.20.

Alphabet Price Performance

GOOG opened at $120.01 on Friday. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.52 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $118.46 and a 200 day moving average price of $104.39.

Alphabet (NASDAQ:GOOG – Free Report) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 5.39 EPS for the current fiscal year.

Institutional Trading of Alphabet

Institutional investors and hedge funds have recently made changes to their positions in the stock. Corrado Advisors LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $27,000. Gould Capital LLC lifted its position in shares of Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock worth $31,000 after purchasing an additional 304 shares during the last quarter. My Personal CFO LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $34,000. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of Alphabet by 142.9% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James lifted their target price on Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Robert W. Baird lifted their target price on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. UBS Group lifted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Oppenheimer decreased their target price on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.80.

Alphabet Company Profile

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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

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