Alphabet Inc. (NASDAQ:GOOG) Insider John Kent Walker Sells 23,820 Shares

Key Points

• John Kent Walker, an insider at Alphabet Inc., sold 23,820 shares of the company's stock for approximately $4.64 million, reducing his ownership by 35.65% to 42,999 shares.
• Alphabet reported a net revenue of $96.43 billion for the last quarter, surpassing estimates, with an EPS of $2.31, beating expectations by $0.19 and marking a 13.8% year-over-year increase.
• The company announced a quarterly dividend of $0.21 per share, set to be paid on September 15th, representing a 0.4% dividend yield and an annualized total of $0.84.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alphabet Stock Performance

Alphabet stock traded up $0.36 during mid-day trading on Thursday, hitting $197.28. 14,292,926 shares of the company's stock traded hands, compared to its average volume of 24,162,768. The firm has a 50 day moving average price of $180.79 and a 200 day moving average price of $174.68. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.39 trillion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70.

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, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company's quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. KeyCorp decreased their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Citizens Jmp upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of GOOG. LSV Asset Management purchased a new stake in Alphabet in the 4th quarter worth about $27,000. IFS Advisors LLC increased its position in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock worth $27,000 after purchasing an additional 120 shares during the last quarter. Robbins Farley increased its holdings in shares of Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after acquiring an additional 60 shares during the last quarter. Principia Wealth Advisory LLC increased its holdings in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Finally, WestEnd Advisors LLC increased its holdings in shares of Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock valued at $29,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

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.