Free Trial

Alphabet (NASDAQ:GOOG) Director John Hennessy Sells 1,050 Shares

Alphabet logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • Director John Hennessy sold 1,050 shares on April 15 at an average price of $331.65, trimming his position by 22.67% to 3,581 shares now worth about $1.19 million.
  • Alphabet beat quarterly estimates, reporting $2.82 EPS vs. $2.59 expected and $113.83 billion in revenue (up 18% year‑over‑year), with a market cap near $4.11 trillion and a PE around 31.4.
  • Near‑term catalysts include Pentagon talks to use Gemini in classified settings, a long‑term energy deal for data centers and new AI product rollouts, but EU regulatory proposals, ongoing legal pressures and higher AI capex could pressure margins.
  • Five stocks to consider instead of Alphabet.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John Hennessy sold 1,050 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the sale, the director directly owned 3,581 shares of the company's stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alphabet Stock Performance

NASDAQ:GOOG opened at $339.40 on Monday. Alphabet Inc. has a 1 year low of $148.40 and a 1 year high of $350.15. The firm's fifty day simple moving average is $305.98 and its 200 day simple moving average is $302.30. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.11 trillion, a PE ratio of 31.40, a PEG ratio of 2.09 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is 7.77%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Institutional Investors Weigh In On Alphabet

A number of hedge funds have recently added to or reduced their stakes in the stock. Tradewinds LLC. grew its position in Alphabet by 2,134.8% in the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after purchasing an additional 43,080 shares in the last quarter. Kathmere Capital Management LLC boosted its position in Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after purchasing an additional 2,341 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after purchasing an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Alphabet by 0.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock worth $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Alphabet by 2.2% in the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after buying an additional 3,444 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GOOG. KeyCorp set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Wednesday, January 21st. Piper Sandler reiterated an "overweight" rating and issued a $395.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, Wells Fargo & Company upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $346.03.

Get Our Latest Report on Alphabet

Alphabet Company Profile

(Get Free Report)

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Read More

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Alphabet Right Now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link to see MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines