Alphabet Inc. (NASDAQ:GOOG) Director Sells $18,028.62 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 111 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $162.42, for a total transaction of $18,028.62. Following the sale, the director now directly owns 17,048 shares of the company’s stock, valued at approximately $2,768,936.16. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 28th, Frances Arnold sold 121 shares of Alphabet stock. The stock was sold at an average price of $170.30, for a total transaction of $20,606.30.
• 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 value of $21,366.39.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $156.23 on Tuesday. The company has a market capitalization of $1.90 trillion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company’s 50-day moving average is $180.70 and its 200 day moving average is $178.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $208.56.

Institutional Trading of Alphabet

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after acquiring an additional 264,962 shares during the period. Martingale Asset Management L P purchased a new position in shares of Alphabet in the third quarter worth about $505,000. Tradition Wealth Management LLC increased its stake in shares of Alphabet by 8.3% in the third quarter. Tradition Wealth Management LLC now owns 13,533 shares of the information services provider’s stock worth $2,263,000 after purchasing an additional 1,037 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of Alphabet by 5.4% in the third quarter. Semmax Financial Advisors Inc. now owns 10,729 shares of the information services provider’s stock valued at $1,967,000 after purchasing an additional 554 shares during the period. Finally, Timber Creek Capital Management LLC lifted its stake in shares of Alphabet by 3.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 68,194 shares of the information services provider’s stock valued at $11,401,000 after buying an additional 2,054 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.