2019 Gp L.L.C. Gv Sells 7,900 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL – Get Rating) major shareholder 2019 Gp L.L.C. Gv sold 7,900 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $13.66, for a total value of $107,914.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Monday, May 22nd, 2019 Gp L.L.C. Gv sold 87,922 shares of Alphabet stock. The stock was sold at an average price of $14.13, for a total value of $1,242,337.86.
• On Friday, May 19th, 2019 Gp L.L.C. Gv sold 63,212 shares of Alphabet stock. The stock was sold at an average price of $13.88, for a total value of $877,382.56.
• On Wednesday, May 17th, 2019 Gp L.L.C. Gv sold 15,000 shares of Alphabet stock. The stock was sold at an average price of $12.77, for a total value of $191,550.00.
• On Monday, May 15th, 2019 Gp L.L.C. Gv sold 157,952 shares of Alphabet stock. The stock was sold at an average price of $12.74, for a total value of $2,012,308.48.
• On Friday, May 12th, 2019 Gp L.L.C. Gv sold 27,290 shares of Alphabet stock. The shares were sold at an average price of $12.72, for a total value of $347,128.80.
• On Wednesday, May 10th, 2019 Gp L.L.C. Gv sold 87,397 shares of Alphabet stock. The shares were sold at an average price of $14.03, for a total value of $1,226,179.91.
• On Monday, May 8th, 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36.

Alphabet Price Performance

NASDAQ:GOOGL traded up $1.13 during trading hours on Friday, reaching $124.61. 35,032,108 shares of the company were exchanged, compared to its average volume of 37,998,840. The company has a market capitalization of $1.58 trillion, a P/E ratio of 27.76, a P/E/G ratio of 1.54 and a beta of 1.10. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $126.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The business has a 50 day moving average of $108.64 and a 200 day moving average of $99.13.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter last year, the business posted $1.23 EPS. Research analysts forecast that Alphabet Inc. will post 5.41 EPS for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Evercore ISI boosted their target price on Alphabet from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Royal Bank of Canada boosted their target price on Alphabet from $130.00 to $132.00 in a research report on Wednesday, April 26th. Rosenblatt Securities dropped their target price on Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Finally, UBS Group boosted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Four investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $130.56.

Institutional Investors Weigh In On Alphabet

A number of large investors have recently modified their holdings of the business. Fortis Group Advisors LLC acquired a new stake in shares of Alphabet during the 1st quarter valued at $597,000. Sheets Smith Wealth Management raised its position in Alphabet by 1.1% during the 1st quarter. Sheets Smith Wealth Management now owns 11,722 shares of the information services provider’s stock worth $1,216,000 after purchasing an additional 122 shares during the last quarter. Empower Advisory Group LLC bought a new position in Alphabet during the 1st quarter worth $10,083,000. Legato Capital Management LLC raised its position in Alphabet by 7.0% during the 1st quarter. Legato Capital Management LLC now owns 35,654 shares of the information services provider’s stock worth $3,698,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Garde Capital Inc. raised its position in Alphabet by 2.8% during the 1st quarter. Garde Capital Inc. now owns 55,430 shares of the information services provider’s stock worth $5,750,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.