Insider Selling: Alphabet Inc. (NASDAQ:GOOG) Director Sells 111 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 111 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $172.41, for a total value of $19,137.51. Following the sale, the director now owns 17,268 shares in the company, valued at approximately $2,977,175.88. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, April 30th, Frances Arnold sold 111 shares of Alphabet stock. The shares were 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 shares were sold at an average price of $162.42, for a total value of $18,028.62.

Alphabet Stock Performance

Alphabet stock traded up $0.42 during trading hours on Thursday, reaching $169.81. 24,841,790 shares of the company were exchanged, compared to its average volume of 20,334,455. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $161.29 and a 200 day moving average of $176.14. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 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. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently modified their holdings of the business. ARQ Wealth Advisors LLC boosted its position in shares of Alphabet by 39.3% in the fourth quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after acquiring an additional 1,400 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after acquiring an additional 1,041 shares during the period. Harvest Investment Services LLC boosted its position in shares of Alphabet by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after acquiring an additional 138 shares during the period. North Forty Two & Co. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $281,000. Finally, jvl associates llc boosted its position in shares of Alphabet by 3.5% in the first quarter. jvl associates llc now owns 10,055 shares of the information services provider's stock valued at $1,571,000 after acquiring an additional 343 shares during the period. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GOOG shares. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upped their target price on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Oppenheimer upped their target price on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $204.88.

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.