According to MarketBeat Ratings, traders bought shares of Alphabet on weakness during trading hours on Monday, after an insider sold shares in the company.
In fact, $316.27 million flowed into the stock on the tick-up and $232.75 million flowed out of the stock on the tick-down, for a money net flow of $83.52 million into the stock. As a result, Alphabet had the 5th highest net inflow for the day.
The previous week was a strong one for the firm as well, as CEO Lawrence Page sold 33,332 shares of the stock in a transaction that occurred on Thursday, November 19th.
The stock was sold at an average price of $749.98, for a total value of $24,998,333.36. Following the transaction, the chief executive officer now owns 21,583,004 shares of the company, valued at approximately $16,186,821,339.92.
In general, Alphabet’s stocks (GOOG) has been at the center of analyst reports several times. Vetr, the crowdsource stock rating site, downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $709.50 price target on the stock, on Wednesday, 5th of August.
Alphabet has a market capitalization of $519.91 billion and a price-to-earnings ratio of 31.87.
October 22 was the last time that the firm published its earnings for the quarter and, as it seems, the company had $7.35 earnings per share for the quarter, exceeding all analysts’ estimates of $7.21 by $0.14.
Let’s keep in mind that Alphabet consists of Companies including Calico, Nest, Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X.
Google is the only direct, wholly owned, subsidiary of Alphabet and it should be treated as such. The week has just started, but it seems that Alphabet stocks are off to a good start and day by day, the company’s share grow by the pinch.
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