Alphabet Inc. (GOOGL): Find Out What Insiders Are Doing

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Alphabet Inc. (NASDAQ:GOOGL) finished Thursday with an addition of $0.86 to close at $100.14, an upside of 0.87 percent. An average of 31,627,359 shares of common stock have been traded in the last five days. There was a fall of -$2.77 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 27,980,074 shares traded, while the 50-day average volume stands at 28,743,469.

GOOGL stock has decreased by -12.05% in the last month. The company shares reached their 1-month lowest point of $98.79 on 09/22/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $99.27 and a high of $151.55 in 52 weeks. It has reached a new high 3 times so far this year and lost -30.87% or -$44.71 in price. In spite of this, the price is down -33.92% from the 52-week high.


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Insider Transactions

14 days have passed since Alphabet Inc. (GOOGL) last reported insider trading activity. HENNESSY JOHN L, who is Director, most recently acquired $1,500 shares at $110.00 per share on Sep 09. In this transaction, the insider spent $165,000. VP, Chief Accounting Officer, O’Toole Amie Thuener, disposed of 855 shares at a price of $109.15 on Sep 01. The insider now owns more than $93,323 worth of shares. Prior to that, Director MATHER ANN went on to Sale 280 shares at $115.15 each on Aug 25. An amount of $32,242 was transacted.

Valuation Metrics

Alphabet Inc. (GOOGL) has a trailing price-to-earnings (P/E) ratio of 18.97. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.72, the price-to-book (PB) ratio at 5.15, and the price-to-cash flow ratio at 20.15.

Financial Health

The quick ratio of Alphabet Inc. for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.06 and a total debt to equity ratio of 0.06 for the quarter ending June 29. Its gross profit as reported stood at $146.7 billion compared to revenue of $257.64 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alphabet Inc.’s return on assets was 20.30%.

Earnings Surprise

For the three-month period that ended June 29, Alphabet Inc. had $110.23 billion in cash and short-term investments compared to $13.93 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $15.23 billion in the quarter, while revenues of $11.25 billion were grew 29.92%. The analyst consensus anticipated Alphabet Inc.’s latest quarter earnings to come in at $1.28 per share, but it turned out to be $1.21, a -5.50% surprise. For the quarter, EBITDA amounted to $23.35 billion. Shareholders own equity worth $13.04 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alphabet Inc. (GOOGL) price momentum. RSI 9-day as of the close on 22 September was 28.55%, suggesting the stock is oversold, with historical volatility in this time frame at 31.44%.

As of today, GOOGL’s price is $101.29 -2.69% or -$2.77 from its 5-day moving average. GOOGL is currently trading -11.92% lower than its 20-day SMA and -12.24% lower than its 100-day SMA. However, the stock’s current price level is -10.07% below the SMA50 and -30.05% below the SMA200.

The stochastic %K and %D were 5.40% and 9.42%, respectively, and the average true range (ATR) was 2.81. With the 14-day stochastic at 10.52% and the average true range at 2.89, the RSI (14) stands at 32.41%. The stock has reached -3.09 on the 9-day MACD Oscillator while the 14-day reading was at -5.00.

Analyst Ratings

Wells Fargo reiterated its an Overweight rating on Alphabet Inc. (NASDAQ: GOOGL), but raised their price target to $170, indicating a potential price increase of 41.09% for the stock. The consensus rating for Alphabet Inc. (GOOGL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GOOGL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 8 analysts, while 38 others rate it as a “buy”.

What is GOOGL’s price target for the next 12 months?

Analysts predict a range of price targets between $113.00 and $165.00, with a median target of $140.00. Taking a look at these predictions, the average price target given by analysts for Alphabet Inc. (GOOGL) stock is $141.72.

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