Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) Director Sells 111 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $192.49, for a total value of $21,366.39. Following the completion of the sale, the director now owns 16,709 shares in the company, valued at approximately $3,216,315.41. This represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $169.98, for a total transaction of $18,867.78.
• On Monday, November 4th, Frances Arnold sold 441 shares of Alphabet stock. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46.

Alphabet Trading Down 0.0 %

Shares of NASDAQ GOOGL traded down $0.03 during mid-day trading on Thursday, reaching $189.27. 15,816,297 shares of the company’s stock were exchanged, compared to its average volume of 27,460,176. The company’s 50-day moving average is $179.17 and its 200-day moving average is $172.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the firm posted $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein raised their price objective on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. DA Davidson began coverage on Alphabet in a research note on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price for the company. Bank of America reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Finally, JMP Securities lowered shares of Alphabet from an “outperform” rating to a “market perform” rating and set a $220.00 price target for the company. in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $206.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Denver PWM LLC increased its holdings in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 60 shares during the period. First PREMIER Bank increased its stake in Alphabet by 3.8% during the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 61 shares in the last quarter. Cutler Investment Counsel LLC raised its holdings in Alphabet by 1.7% during the third quarter. Cutler Investment Counsel LLC now owns 3,663 shares of the information services provider’s stock worth $607,000 after buying an additional 61 shares during the last quarter. Finally, MKT Advisors LLC lifted its stake in shares of Alphabet by 0.8% in the third quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider’s stock valued at $1,221,000 after buying an additional 62 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.