Frances Arnold Sells 102 Shares of Alphabet (NASDAQ:GOOG) Stock

Key Points

• Frances Arnold, a director at Alphabet, sold 102 shares of the company's stock for a total value of $21,195.60, decreasing her position by 0.58% to 17,387 shares.
• Alphabet's shares have shown a positive trend, trading up 0.5% to $213.53 with a market capitalization of $2.58 trillion and a P/E ratio of 22.74.
• The company announced a quarterly dividend of $0.21 per share, to be paid on September 15, with a yield of 0.4% and a payout ratio of 8.95%.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 102 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $207.80, for a total value of $21,195.60. Following the completion of the transaction, the director owned 17,387 shares in the company, valued at approximately $3,613,018.60. This trade represents a 0.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 30th, Frances Arnold sold 101 shares of Alphabet stock. The stock was sold at an average price of $196.31, for a total value of $19,827.31.
• On Monday, June 30th, Frances Arnold sold 121 shares of Alphabet stock. The shares were sold at an average price of $180.72, for a total value of $21,867.12.

Alphabet Stock Up 0.5%

Shares of GOOG stock traded up $1.16 during mid-day trading on Friday, reaching $213.53. 24,667,279 shares of the company were exchanged, compared to its average volume of 23,664,387. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The business's 50 day simple moving average is $190.40 and its 200 day simple moving average is $175.38. The company has a market capitalization of $2.58 trillion, a P/E ratio of 22.74, a P/E/G ratio of 1.40 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $215.34.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider's stock valued at $73,927,821,000 after acquiring an additional 5,182,111 shares during the last quarter. State Street Corp lifted its stake in Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider's stock valued at $33,511,477,000 after purchasing an additional 2,428,266 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its holdings in Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider's stock worth $23,963,208,000 after buying an additional 135,064,454 shares in the last quarter. Geode Capital Management LLC grew its position in Alphabet by 0.4% in the second quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider's stock worth $19,022,926,000 after buying an additional 441,177 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 9.9% in the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock valued at $15,971,861,000 after buying an additional 9,243,959 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Oppenheimer restated an "outperform" rating and issued a $235.00 price target (up from $220.00) on shares of Alphabet in a research report on Thursday, July 24th. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Roth Capital reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

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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