GOOGL Stock: Insider Increasing Stake In Alphabet Inc

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Alphabet Inc. (NASDAQ:GOOGL) on Nov. 29, 2017 saw a significant decline, closing the day at $1063.29, or a decline of $25.91 or (2.44%).Volume levels spiked and GOOGL actually managed a breakout which translated to 2.79 million shares changing hands on the day. GOOGL traded on a high for the day of 029.65 with a corresponding low of 1. The day’s high marked a slight increase on the previous day’s close which saw GOOGL finish the day’s trading at 1.

Driving interest in Alphabet Inc. (GOOGL) is a number of factors, including perhaps, a steady increase of the profile of the company as insider activity takes center stage. This activity has been headed largely by Antonio Lee, a beneficial owner (10%) of the company. Antonio Lee has seen steady activity on the buy side, and on February 2, 2017, executed an option to buy 7.37 million shares. The purchase, at a price of $817, resulted in Antonio Lee bringing total 4.49 billion shares.

Institutional investors have also been busy with the stock. Their activity in GOOGL in recent trading has also spurred interest in the stock. The most recent shifts in number of shares owned by institutions came on September 30, 2017 when Fmr Llc sold 183723 shares from its total ownership of 17.46 million. The value for the sale was $18.57 billion. On the opposite side of that transaction from Fmr Llc stood Vanguard Group Inc which added 253153 shares to its existing stake, bringing total stake held in GOOGL to 20.82 million shares. That transaction by Vanguard took place on September 30, 2017, the same day Blackrock Inc. purchased an additional 30341 shares in GOOGL to bring its total stake to 18.66 million. Blackrock’s stake was worth $19.85 billion at the time of purchase. Institutional shareholders currently hold a 79.60% stake overall in GOOGL.

Alphabet Inc. (NASDAQ:GOOGL) continues to be a formidable company. Current market cap is $712.16B and the stock has an EPS of $30.02. The P/E Ratio for GOOGL is 34.73. Over the course of the last year GOOGL has set a 52-week high of $1080.00 while the corresponding low set was $753.36.

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