Alphabet (NASDAQ:GOOG) Director Frances Arnold Sells 103 Shares

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 103 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the transaction, the director directly owned 17,284 shares in the company, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 28th, Frances Arnold sold 102 shares of Alphabet stock. The stock was sold at an average price of $207.80, for a total value of $21,195.60.

Alphabet Price Performance

GOOG opened at $245.54 on Thursday. The firm has a market cap of $2.97 trillion, a P/E ratio of 26.15, a PEG ratio of 1.64 and a beta of 1.00. The firm has a 50-day moving average of $219.78 and a 200 day moving average of $185.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $256.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 8.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GOOG shares. Barclays restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Pivotal Research upped their price target on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Piper Sandler reissued a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Mizuho raised Alphabet to a “strong-buy” rating in a report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.35.

Institutional Trading of Alphabet

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC increased its position in shares of Alphabet by 107.9% during the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock valued at $572,000 after purchasing an additional 1,899 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Alphabet during the 1st quarter valued at about $276,000. Fiduciary Alliance LLC lifted its position in Alphabet by 0.4% in the 1st quarter. Fiduciary Alliance LLC now owns 32,831 shares of the information services provider’s stock worth $5,129,000 after buying an additional 132 shares during the last quarter. Finally, NBC Securities Inc. lifted its position in Alphabet by 100,083.9% in the 1st quarter. NBC Securities Inc. now owns 31,057 shares of the information services provider’s stock worth $4,852,000 after buying an additional 31,026 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

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.