Alphabet Inc. (GOOG) Files Form 4 Insider Selling : David C Drummond Sells 5,000 Shares

Alphabet Inc. (GOOG): David C Drummond , SVP, Corporate Development of Alphabet Inc. sold 5,000 shares on Apr 12, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $748.22 per share for a total value of $3,741,075.00.

Company has been under the radar of several Street Analysts.Alphabet Inc is Upgraded by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 970 from a previous price target of $800 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 11, 2016.Alphabet Inc is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 880 from a previous price target of $875 .The Rating was issued on Apr 6, 2016.Alphabet Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 910 from a previous price target of $830 .The Rating was issued on Feb 2, 2016.Alphabet Inc is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 950 from a previous price target of $900 .The Rating was issued on Feb 2, 2016.Alphabet Inc is Reiterated by Oppenheimer to Outperform and the brokerage firm has raised the Price Target to $ 965 from a previous price target of $822 .The Rating was issued on Feb 2, 2016.

Currently the company Insiders own 0.33% of Alphabet Inc shares according to the proxy statements.Institutional Investors own 68.2% of Alphabet Inc shares.

Shares of Alphabet Inc (GOOG) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -3.05 points or -0.41% at $736.1 with 12,20,088 shares getting traded. Post opening the session at $743.02, the shares hit an intraday low of $736.05 and an intraday high of $745 and the price vacillated in this range throughout the day. The company has a market cap of $506,672 M and the number of outstanding shares has been calculated to be 68,83,19,770 shares. The 52-week high of Alphabet Inc is $789.8699 and the 52-week low is $515.18.

Alphabet Inc Money Flow Index Chart

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection include Calico Google’s health and longevity effort; Nest its connected home business; Fiber its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital and incubator projects such as Google X. These will be managed separately in Alphabet. On October 2 2015 Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement) dated as of October 2 2015 among Google Alphabet and Maple Technologies Inc. a Delaware corporation (Merger Sub) which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger Merger Sub a direct wholly owned subsidiary of Alphabet and an indirect wholly owned subsidiary of Google merged with and into Google with Google surviving as a direct wholly owned subsidiary of Alphabet.

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