Alphabet Inc. (NASDAQ:GOOG) Director Sells $13,390.40 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 80 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $167.38, for a total transaction of $13,390.40. Following the completion of the sale, the director now directly owns 15,551 shares of the company’s stock, valued at $2,602,926.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Frances Arnold also recently made the following trade(s):

• On Thursday, March 28th, Frances Arnold sold 90 shares of Alphabet stock. The shares were sold at an average price of $152.00, for a total transaction of $13,680.00.
• On Thursday, February 29th, Frances Arnold sold 100 shares of Alphabet stock. The shares were sold at an average price of $138.22, for a total transaction of $13,822.00.

Alphabet Stock Performance

Alphabet stock traded down $3.26 during mid-day trading on Tuesday, reaching $164.64. 29,398,761 shares of the company traded hands, compared to its average volume of 22,876,967. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. Alphabet Inc. has a fifty-two week low of $104.50 and a fifty-two week high of $176.42. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. The firm’s fifty day moving average is $149.64 and its two-hundred day moving average is $142.97.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the prior year, the business posted $1.17 EPS. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Institutional Trading of Alphabet

Several large investors have recently made changes to their positions in GOOG. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet during the fourth quarter worth $26,000. Partnership Wealth Management LLC purchased a new stake in Alphabet during the fourth quarter worth $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet during the fourth quarter worth $28,000. Finally, Buck Wealth Strategies LLC purchased a new stake in Alphabet during the third quarter worth $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $165.67.

Alphabet Company Profile

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.