Alphabet (NASDAQ:GOOGL – Get Free Report) released its quarterly earnings results on Tuesday. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04, RTT News reports. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same period in the previous year, the company posted $1.44 earnings per share.
Alphabet Stock Performance
NASDAQ:GOOGL traded down $0.04 during mid-day trading on Friday, hitting $167.24. 33,563,539 shares of the company traded hands, compared to its average volume of 28,103,951. The stock’s fifty day moving average price is $179.22 and its 200-day moving average price is $160.15. Alphabet has a one year low of $120.21 and a one year high of $191.75. The company has a quick ratio of 2.15, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05.
Insider Buying and Selling at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,388 shares of company stock valued at $21,497,609. Company insiders own 11.55% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Alphabet
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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