There has been some selling insider activity on Alphabet Inc. (NASDAQ:GOOG) recently. L. John Doerr, Director reported the sale of 14,370 shares of GOOG stock. The shares were purchased at an average price of $783.65. The Director now owns $729,083,667 of the stock according to the SEC filing. Today Sundar Pichai, CEO disclosed the sale of 4,000 shares. The shares were sold on August 3rd for an average price of $781.83. Pichai now owns $2,755,951 of the stock per the Form 4 SEC filing.
Yesterday Director Ann Mather disclosed the sale of 115 shares of (GOOG). The shares were purchased at an average price of $776.35. The Director now owns $1,664,494 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. Evercore Wealth Management, LLC bolstered its investment by buying 35 shares an increase of 0.1%. Evercore Wealth Management, LLC currently owns 52,112 shares with a value of $36,067,000. The value of the position overall is down by 7.0%. Pinkerton Retirement Specialists, LLC augmented its holdings by buying 957 shares an increase of 10,633.3% from 06/30/2015 to 06/30/2016. Pinkerton Retirement Specialists, LLC controls 966 shares worth $669,000. The total value of its holdings increased 13,280.0%.
As of quarter end Macquarie Group Ltd had bought a total of 7,382 shares growing its position 96.9%. The value of the total investment in Alphabet Inc. went from $5,675,000 to $10,382,000 a change of 82.9% quarter over quarter. BNP Paribas Investment Partners S.A. reduced its ownership by shedding 4,198 shares a decrease of 81.7% as of 06/30/2016. BNP Paribas Investment Partners S.A. claims 938 shares valued at $649,000. The total value of its holdings decreased 83.4%.
July 29 investment analysts at JP Morgan maintained a company rating of “Overweight” and lowered the price expectation from $968.00 to $950.00. On April 22 Deutsche Bank left the company rating at “Buy” and moved down the price target to $1.00 from $1,080.00.
February 2 investment analysts at Oppenheimer made no change to the stock rating of “Outperform” but raised the price expectation from $822.00 to $965.00. On February 2 Deutsche Bank made no change to the company rating of “Buy” but raised the price target from $900.00 to $1,080.00.
On February 2 Jefferies held the company rating at “Buy” and raised the price target to $950.00 from $900.00. On February 2 JP Morgan maintained a stock rating of “Overweight” but moved up the price target to $968.00 from $900.00.
The company is down from yesterday’s close of $783.01. The stock last traded at $781.56 a tad above $774.28, the 50 day moving average and which is just over the 200 day moving average of $738.30. The 50 day moving average moved up $7.28 whereas the 200 day average was up by +5.86%.
The P/E ratio is 30.28 and market cap is 537.15B. As of the last earnings report the EPS was $25.81 and is estimated to be $34.30 for the current year with 687,273,000 shares now outstanding. Next quarter’s EPS is expected be $9.67 with next year’s EPS projected to be $40.63.
Traders are more bearish on shares of Alphabet Inc. lately as inferred by the increase in short interest. The firm recorded a rise in short interest of 0.08% as of September 15, 2016 from the last reporting period. Short shares grew from 1,859,467 to 2,007,143 over that period. Days to cover decreased from 1.9 to 1.6 and the percentage of shorted shares was 0.00% on September 15.