Alphabet Inc. (NASDAQ:GOOG) Director John L. Hennessy Sells 1,500 Shares

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $168.08, for a total value of $252,120.00. Following the transaction, the director now owns 4,391 shares in the company, valued at approximately $738,039.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alphabet Price Performance

Shares of GOOG stock traded up $0.61 during midday trading on Monday, reaching $170.90. 19,630,389 shares of the company traded hands, compared to its average volume of 22,452,668. The firm has a market cap of $2.11 trillion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm's 50 day simple moving average is $154.69 and its two-hundred day simple moving average is $144.97. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $176.42.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to analysts' expectations of $78.75 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. Alphabet's revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 7.66 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC increased its stake in shares of Alphabet by 11.1% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 600 shares of the information services provider's stock valued at $91,000 after buying an additional 60 shares during the period. Strait & Sound Wealth Management LLC increased its stake in shares of Alphabet by 2.2% in the first quarter. Strait & Sound Wealth Management LLC now owns 2,898 shares of the information services provider's stock valued at $466,000 after buying an additional 61 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Alphabet by 0.7% during the first quarter. Woodward Diversified Capital LLC now owns 8,609 shares of the information services provider's stock worth $1,311,000 after acquiring an additional 62 shares during the last quarter. Intergy Private Wealth LLC raised its holdings in Alphabet by 1.9% during the 1st quarter. Intergy Private Wealth LLC now owns 3,393 shares of the information services provider's stock worth $517,000 after purchasing an additional 63 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its position in Alphabet by 2.0% during the first quarter. Smith Anglin Financial LLC now owns 3,223 shares of the information services provider's stock valued at $491,000 after acquiring an additional 64 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research reports. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $165.67.

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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