Alphabet (NASDAQ:GOOG) Director Sells 1,050 Shares of Stock

Key Points

• Alphabet director John Hennessy sold 1,050 shares on June 15 at an average price of $368.63, trimming his stake by about 41.5% to 1,481 shares. The sale was disclosed in an SEC filing.
• Alphabet shares were trading higher in the session, up about 1.5% to $367.46, amid heavy volume. The stock remains near its 52-week high and has a market cap of about $4.45 trillion.
• The company continues to post strong fundamentals, with quarterly EPS of $5.11 beating estimates and revenue rising 21.8% year over year. Alphabet also raised its quarterly dividend to $0.22 from $0.21.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John Hennessy sold 1,050 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Alphabet Trading Up 1.5%

Alphabet stock traded up $5.36 during midday trading on Thursday, reaching $367.46. 29,255,885 shares of the stock traded hands, compared to its average volume of 21,219,699. The firm has a market cap of $4.45 trillion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $361.98 and a two-hundred day simple moving average of $330.47. Alphabet Inc. has a 12-month low of $163.33 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. Research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of GOOG. Kathmere Capital Management LLC boosted its holdings in Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after purchasing an additional 2,341 shares during the period. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Alphabet by 0.9% during the third 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 during the period. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after buying an additional 2,850 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock worth $19,060,000 after buying an additional 4,239 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in shares of Alphabet by 8.7% in the 4th quarter. World Investment Advisors now owns 190,654 shares of the information services provider's stock valued at $59,827,000 after buying an additional 15,280 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from strong AI and cloud positioning, with reports highlighting rising AI spending, Google Cloud momentum, and a major HSBC partnership to expand AI usage on Google Cloud. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Alphabet also got a boost from headlines about a $1.5 billion investment to expand its Alabama data center campus, reinforcing confidence in long-term infrastructure spending to support AI demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
• Positive Sentiment: Several articles pointed to Alphabet’s improving earnings and cloud backlog, which supports the bull case that growth in search, cloud, and AI is still accelerating. Forget SpaceX. Alphabet Just Beat Earnings by 94% and Doubled Its Cloud Backlog to $460 Billion
• Positive Sentiment: Berkshire Hathaway reportedly nearly tripled its Alphabet stake, a notable vote of confidence from a major long-term investor. Warren Buffett Just Tripled Down on the Stock Bill Ackman Is Selling
• Neutral Sentiment: Alphabet’s new smart-home speaker and Gemini-related product launches show continued product innovation, but the near-term stock impact appears limited unless adoption proves strong. Google bets on Gemini to reinvent the smart home speaker
• Negative Sentiment: Waymo recalled about 3,800 robotaxis after some vehicles drove into freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving business. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
• Negative Sentiment: Alphabet also faces pressure from the departure of Gemini co-lead Noam Shazeer to OpenAI, which could raise worries about AI talent retention in a competitive market. Google's Gemini co-lead Noam Shazeer to join OpenAI
• Negative Sentiment: New UK search transparency requirements add to Alphabet’s ongoing regulatory scrutiny, which could pressure margins or limit flexibility in search monetization over time. UK regulator sets out conduct requirements for Google's search services

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. TD Cowen boosted their price objective on Alphabet from $450.00 to $475.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Oppenheimer raised their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Citigroup reaffirmed a "market outperform" rating on shares of Alphabet in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $376.78.

About Alphabet

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.

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