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

Key Points

• Alphabet director John Hennessy sold 1,050 shares at an average price of $393.26, totaling about $412,923. After the sale, he still held 2,531 shares valued at roughly $995,341.
• GOOG shares were trading lower in Tuesday’s session at $384.90, though the stock remains near its 52-week high of $404.47 and has risen sharply over the past year.
• Alphabet posted strong quarterly results and raised its dividend, with earnings of $5.11 per share beating estimates and revenue climbing 21.8% year over year. The company also increased its quarterly dividend to $0.22 per share from $0.21.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $8.21 during trading hours on Tuesday, hitting $384.90. 25,489,653 shares of the stock were exchanged, compared to its average volume of 18,778,852. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $4.66 trillion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The company's fifty day simple moving average is $331.01 and its two-hundred day simple moving average is $318.96. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter last year, the business posted $2.81 earnings per share. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is 6.41%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. Phillip Securities downgraded shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $370.00 price target on shares of Alphabet in a research note on Tuesday, January 20th. Wells Fargo & Company raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Oppenheimer raised their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $363.40.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 showcased a major AI push across Search, Gemini, Chrome, Android, YouTube, and Workspace, reinforcing Alphabet’s leadership in AI monetization.
• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture using Google’s TPU chips, which could expand Alphabet’s AI infrastructure business and strengthen its competitive moat.
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake again, signaling continued confidence from a major long-term investor.
• Neutral Sentiment: Wall Street commentary remains split between enthusiasm over Alphabet’s AI progress and caution after the stock’s sharp rally and elevated valuation.
• Negative Sentiment: A major shareholder disclosed additional Alphabet share sales, which may be adding modest short-term pressure as investors take profits after the recent move higher.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently made changes to their positions in GOOG. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the period. State Street Corp grew its position in Alphabet by 0.5% during the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock valued at $58,712,878,000 after buying an additional 953,790 shares during the period. Auto Owners Insurance Co increased its holdings in Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after buying an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP increased its stake in shares of Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider's stock worth $31,569,189,000 after buying an additional 1,073,151 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

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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