Frances Arnold Sells 110 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 110 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $200.00, for a total transaction of $22,000.00. Following the transaction, the director now directly owns 16,819 shares of the company’s stock, valued at $3,363,800. The trade was a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 31st, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $192.49, for a total value of $21,366.39.
• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $169.98, for a total transaction of $18,867.78.
• On Monday, November 4th, Frances Arnold sold 441 shares of Alphabet stock. The shares were sold at an average price of $171.06, for a total value of $75,437.46.

Alphabet Trading Up 1.6 %

Shares of Alphabet stock opened at $204.02 on Friday. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. The company has a 50-day simple moving average of $188.19 and a 200 day simple moving average of $174.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $205.48.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GOOGL shares. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Truist Financial increased their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Bank of America reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Nine investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOGL. Schear Investment Advisers LLC grew its position in shares of Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider’s stock worth $5,598,000 after buying an additional 4,905 shares during the period. Trinity Financial Advisors LLC raised its stake in Alphabet by 4.5% during the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider’s stock worth $771,000 after buying an additional 190 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in shares of Alphabet by 27.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider’s stock valued at $4,192,000 after purchasing an additional 5,516 shares in the last quarter. abrdn plc lifted its stake in Alphabet by 10.7% in the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider’s stock valued at $1,037,196,000 after buying an additional 611,233 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. increased its holdings in Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider’s stock worth $3,567,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 40.03% 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.