Alphabet Inc. (NASDAQ:GOOG) Director Sells $21,867.12 in Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 121 shares of Alphabet stock in a transaction on Monday, June 30th. The stock was sold at an average price of $180.72, for a total value of $21,867.12. Following the completion of the sale, the director directly owned 17,389 shares of the company's stock, valued at $3,142,540.08. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, May 30th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $172.41, for a total value of $19,137.51.
• On Wednesday, April 30th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $159.85, for a total transaction of $17,743.35.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded down $0.88 during midday trading on Monday, reaching $177.39. 43,932,266 shares of the company were exchanged, compared to its average volume of 21,076,086. The stock has a market cap of $2.15 trillion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The business's fifty day moving average is $167.82 and its two-hundred day moving average is $175.90. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business posted $1.89 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOG. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday. KeyCorp cut their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday. UBS Group cut their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Oppenheimer raised their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and six have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.38.

Institutional Trading of Alphabet

Hedge funds have recently modified their holdings of the company. Principia Wealth Advisory LLC raised its position in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in Alphabet during the first quarter worth approximately $26,000. LSV Asset Management purchased a new stake in Alphabet during the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC purchased a new stake in Alphabet during the first quarter valued at approximately $32,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at approximately $32,000. 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.

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