Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Frances Arnold sold 240 shares of the company's stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $140.51, for a total transaction of $33,722.40. Following the transaction, the director now owns 14,815 shares in the company, valued at approximately $2,081,655.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Frances Arnold also recently made the following trade(s):
- On Thursday, November 30th, Frances Arnold sold 230 shares of Alphabet stock. The stock was sold at an average price of $136.40, for a total transaction of $31,372.00.
- On Monday, October 30th, Frances Arnold sold 250 shares of Alphabet stock. The stock was sold at an average price of $124.36, for a total value of $31,090.00.
Alphabet Stock Down 0.4 %
Shares of NASDAQ GOOGL traded down $0.54 during mid-day trading on Friday, hitting $139.69. The company had a trading volume of 18,726,228 shares, compared to its average volume of 32,726,172. Alphabet Inc. has a one year low of $84.86 and a one year high of $142.68. The company has a market capitalization of $1.75 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $133.65 and a two-hundred day simple moving average of $130.82.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The firm had revenue of $64.05 billion during the quarter, compared to the consensus estimate of $63.13 billion. On average, equities analysts expect that Alphabet Inc. will post 5.83 EPS for the current year.
Hedge Funds Weigh In On Alphabet
Institutional investors have recently added to or reduced their stakes in the company. Live Oak Investment Partners bought a new stake in Alphabet in the fourth quarter valued at approximately $26,000. Armor Investment Advisors LLC acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $28,000. CarsonAllaria Wealth Management Ltd. raised its stake in Alphabet by 136.7% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider's stock valued at $34,000 after acquiring an additional 164 shares during the period. VitalStone Financial LLC lifted its holdings in Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider's stock valued at $34,000 after purchasing an additional 266 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Alphabet during the fourth quarter worth $34,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $160.00 target price on shares of Alphabet in a report on Wednesday, October 25th. Barclays dropped their price objective on Alphabet from $200.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, October 25th. KeyCorp reduced their target price on Alphabet from $155.00 to $153.00 and set an "overweight" rating on the stock in a report on Wednesday, October 25th. Monness Crespi & Hardt cut Alphabet from a "buy" rating to a "neutral" rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $147.53.
Check Out Our Latest Stock Analysis on GOOGL
About Alphabet
(
Get Free Report)
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Further Reading
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