Alphabet Inc. (NASDAQ:GOOGL) Director Sells $19,137.51 in Stock

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Frances Arnold sold 111 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $172.41, for a total transaction of $19,137.51. Following the sale, the director now owns 17,268 shares of the company's stock, valued at approximately $2,977,175.88. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value of $17,743.35.
• On Friday, March 28th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $162.42, for a total transaction of $18,028.62.

Alphabet Trading Down 1.7%

Alphabet stock traded down $2.85 during trading hours on Tuesday, reaching $166.18. 44,986,248 shares of the company's stock were exchanged, compared to its average volume of 30,044,174. The firm has a market capitalization of $2.02 trillion, a PE ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.01. 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 firm's 50 day simple moving average is $159.18 and its 200 day simple moving average is $174.53. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the previous year, the company posted $1.89 earnings per share. Research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOGL shares. KeyCorp lifted their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Rosenblatt Securities restated a "neutral" rating and issued a $189.00 price target on shares of Alphabet in a research report on Wednesday, May 21st. Westpark Capital reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, May 8th. Finally, DA Davidson reduced their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GOOGL. Rockbridge Capital Management LLC acquired a new stake in shares of Alphabet in the 4th quarter worth about $3,119,000. Optivise Advisory Services LLC lifted its holdings in shares of Alphabet by 8.0% in the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after purchasing an additional 403 shares in the last quarter. Community Bank N.A. boosted its position in shares of Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after buying an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd boosted its position in shares of Alphabet by 30.0% during the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock valued at $11,816,000 after buying an additional 14,262 shares during the last quarter. Finally, Absolute Capital Management LLC grew its holdings in Alphabet by 14.0% during the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock worth $401,000 after buying an additional 258 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

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.