Shares of Alphabet Inc. (GOOG) Sees Large Inflow of Net Money Flow

Alphabet Inc. (GOOG) traded negative at $796.21. On an intraday basis, the price dropped -0.58 points or -0.07%. The composite uptick value was $359.16 million while the combined downtick value was $351.5. The net money flow was $7.66 million while the up/down ratio was not very comforting at 1.02. The shares on a weekly note has seen a change in share price of -3.29%.According to the trading data, the shares saw a block trade with $40.04 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 40.04.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Alphabet Inc. has dropped 4.78% in the last five trading days, however, the shares have posted positive gains of 3.09% in the last 4 weeks. Alphabet Inc. is up 1.42% in the last 3-month period. Year-to-Date the stock performance stands at 3.09%. Alphabet Inc. (NASDAQ:GOOG) witnessed a decline in the market cap on Wednesday as its shares dropped 0.14% or 1.095 points. After the session commenced at $799.68, the stock reached the higher end at $801.19 while it hit a low of $791.19. With the volume soaring to 2,029,744 shares, the last trade was called at $795.695. The company has a 52-week high of $841.95. The company has a market cap of $550,058 million and there are 691,293,000 shares in outstanding. The 52-week low of the share price is $663.06.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Sundar Pichai (CEO, Google Inc.) sold 4,000 shares at 817.80 per share price.On Jan 17, 2017, David C Drummond (SVP, Corporate Development) sold 2,000 shares at 817.76 per share price.On Jan 4, 2017, Sergey Brin (President) sold 33,340 shares at 794.82 per share price.

Alphabet Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $9.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.26. Analyst had a consensus of $9.62. The company had revenue of $26064.00 million for the quarter, compared to analysts expectations of $25140.11 million. The companys revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.67 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 27, 2017 to Buy, Raises Price Target to $ 935 from a previous price target of $925 .Company shares were Reiterated by Citigroup on Jan 3, 2017 to Buy, Raises Price Target to $ 975 from a previous price target of $910 .Alphabet Inc was Initiated by Aegis Capital on Dec 21, 2016 to Buy, Price Target of the shares are set at $980.

Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.

Alphabet

Share this post

Leave a Reply