Insider Selling: Alphabet Inc. (NASDAQ:GOOG) Director Sells 80 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 80 shares of Alphabet 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 completion of the transaction, the director now owns 15,551 shares of the company’s stock, valued at approximately $2,602,926.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 transaction of $13,822.00.

Alphabet Trading Down 1.9 %

Shares of GOOG stock traded down $3.26 on Tuesday, hitting $164.64. The stock had a trading volume of 29,398,761 shares, compared to its average volume of 22,876,967. Alphabet Inc. has a twelve month low of $104.50 and a twelve month high of $176.42. The firm has a market cap of $2.05 trillion, a P/E ratio of 25.73, a PEG ratio of 1.59 and a beta of 1.05. 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 fifty day moving average price of $149.64 and a two-hundred day moving average price of $142.97.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. As a group, analysts forecast that Alphabet Inc. will post 6.8 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Institutional Investors Weigh In On Alphabet

Institutional investors have recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC bought a new stake in Alphabet during the 4th quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the 4th quarter worth about $26,000. Tandem Wealth Advisors LLC bought a new stake in Alphabet during the 3rd quarter worth about $25,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the 4th quarter worth about $28,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the 4th quarter worth about $32,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on GOOG shares. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Stifel Nicolaus lifted their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Raymond James lifted their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $165.67.

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.