Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold Sells 121 Shares

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 121 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $170.30, for a total transaction of $20,606.30. Following the sale, the director now directly owns 16,938 shares of the company’s stock, valued at $2,884,541.40. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 30th, Frances Arnold sold 110 shares of Alphabet stock. The shares were sold at an average price of $200.00, for a total transaction of $22,000.00.
• On Tuesday, December 31st, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $192.49, for a total transaction of $21,366.39.

Alphabet Stock Performance

GOOG opened at $172.22 on Friday. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.10 trillion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The firm’s 50-day moving average price is $192.17 and its 200-day moving average price is $177.73.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Hedge Funds Weigh In On Alphabet

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Alphabet in the 4th quarter worth approximately $5,166,070,000. Raymond James Financial Inc. acquired a new position in Alphabet in the 4th quarter worth approximately $1,551,533,000. Northern Trust Corp increased its holdings in Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after buying an additional 7,917,625 shares during the period. GQG Partners LLC increased its holdings in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider’s stock worth $1,376,066,000 after buying an additional 7,221,746 shares during the period. Finally, Capital International Investors increased its holdings in Alphabet by 6.7% in the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after buying an additional 5,758,244 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

About Alphabet

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.