Serger Brin, the director of Alphabet Inc., (NASDAQ: GOOG) has recently sold off 13,889 shares from Alphabet stock during a transaction on 9th June, Wednesday. He sold it at $2,494.51 EPS that is worth $34,646,249.39. This has created quite a discussion in the stock market. Following the sell-off, the stock has come under the radar. After this sale, he has 19,158,690 GOOG shares worth $47,791,543,791.90.
On Friday, Alphabet’s share prices dropped by $7.67 to $2,513.93 with the market cap being $1.68 trillion. They exchanged 1,260,906 of their shares as compared to the 1,475,632 average volume. Their lowest in 12 months is $1,347.01 while the highest being $2,526.99. Their current, quick, and leverage ratio is 3.10, 3.09, and 0.06, respectively. Their 50 day rolling average is $2,344.39.
According to their 26th April report, their quarterly EPS was $26.96 that topped the $15.75 consensus estimate by almost $10.55. They had a 26.11% net margin along with a 23.54% equity return. Their quarterly revenue was $55.30 billion that exceeded the $51.40 billion estimate.
Market Undertakings Of GOOG Stock
Raymond James lifted the price objective of GOOG shares to $2,750 from $2,440 and gave a rating of ‘outperform’. Wedbush allotted a rating of ‘outperform’ with a price objective of $2,953 while Citigroup lowered the rating to ‘neutral’ from ‘buy’. KGI assigned a rating of ‘outperform’ and Mizuho upgraded it to ‘buy’ with a price objective of $2,600 from $2,350. GOOG stock has the ‘buy’ consensus rating with a $2,495.63 price objective.
Cigna Investments lifted their holdings on Alphabet stock by nearly 2.6%, owning shares worth $21,620,000. Captrust Fin. Advisors increased their stake by roughly 6.5% and own $26,215,000 worth of shares. Brave Management upped their stake by approximately 2.4% and own shares priced at $5,598,000. Hutchinson National Bank bought new holdings and own $2,214,000 worth of shares. 31.73% of GOOG stock is owned by institutional investors.
