Alphabet Inc. (NASDAQ:GOOG) Director Sells $13,390.40 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 80 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $167.38, for a total transaction of $13,390.40. Following the transaction, the director now directly owns 15,551 shares in the company, valued at approximately $2,602,926.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 28th, Frances Arnold sold 90 shares of Alphabet stock. The shares were sold at an average price of $152.00, for a total value of $13,680.00.
• On Thursday, February 29th, Frances Arnold sold 100 shares of Alphabet stock. The shares were sold at an average price of $138.22, for a total value of $13,822.00.

Alphabet Stock Up 0.6 %

Shares of NASDAQ GOOG opened at $165.57 on Thursday. Alphabet Inc. has a 12-month low of $104.50 and a 12-month high of $176.42. The stock has a fifty day moving average price of $150.52 and a 200 day moving average price of $143.31. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.06 trillion, a P/E ratio of 25.39, a P/E/G ratio of 1.31 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 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 for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the company posted $1.17 EPS. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 7.46 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOG. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer upped their price target 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 boosted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $165.67.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet in the third quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet during the 4th quarter worth approximately $26,000. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $28,000. Finally, Buck Wealth Strategies LLC acquired a new stake in shares of Alphabet during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

About Alphabet

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.