Frances Arnold Sells 80 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 80 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $167.38, for a total transaction of $13,390.40. Following the completion of the transaction, the director now owns 15,551 shares of the company’s stock, valued at $2,602,926.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 28th, Frances Arnold sold 90 shares of Alphabet stock. The stock was 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 Price Performance

Shares of Alphabet stock opened at $163.86 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $103.71 and a 12 month high of $174.71. The stock has a 50 day moving average of $149.22 and a 200 day moving average of $141.95. The firm has a market cap of $2.04 trillion, a PE ratio of 25.13, a PEG ratio of 1.29 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm posted $1.17 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.49 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $30,000. Tributary Capital Management LLC bought a new stake in Alphabet in the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC raised its holdings in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus raised their target price on shares of Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Loop Capital increased their price target on Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday. Canaccord Genuity Group lifted their price objective on Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company increased their target price on Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.60.

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.