Alphabet Inc (NASDAQ:GOOG) Director L John Doerr sold 11,908 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the transaction, the director now owns 3,485 shares in the company, valued at $3,658,413.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GOOG traded down $41.49 during midday trading on Monday, reaching $1,020.00. The company had a trading volume of 1,654,872 shares, compared to its average volume of 2,081,655. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $738.67 billion, a price-to-earnings ratio of 23.89 and a beta of 1.16. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89.
Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.41 by $2.65. The firm had revenue of $27.16 billion for the quarter. Alphabet had a net margin of 14.45% and a return on equity of 19.40%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Braun Bostich & Associates Inc. purchased a new stake in shares of Alphabet during the 1st quarter valued at approximately $107,000. Ironwood Financial llc lifted its stake in shares of Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after buying an additional 50 shares in the last quarter. Patton Albertson Miller Group LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $116,000. JJJ Advisors Inc. purchased a new stake in shares of Alphabet during the 2nd quarter valued at approximately $134,000. Finally, ELM Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 33.96% of the company’s stock.
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Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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