Frances Arnold Sells 111 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $169.98, for a total transaction of $18,867.78. Following the transaction, the director now owns 16,599 shares of the company’s stock, valued at $2,821,498.02. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, November 4th, Frances Arnold sold 441 shares of Alphabet stock. The stock was sold at an average price of $171.06, for a total value of $75,437.46.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded up $2.54 during midday trading on Monday, reaching $171.49. 23,062,387 shares of the company traded hands, compared to its average volume of 27,147,238. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The firm’s fifty day moving average price is $168.47 and its two-hundred day moving average price is $170.31.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating 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 company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOGL. Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets restated an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Loop Capital lifted their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, KeyCorp upped their price target on shares of Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $205.90.

Hedge Funds Weigh In On Alphabet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. China Universal Asset Management Co. Ltd. boosted its stake in Alphabet by 70.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after buying an additional 41,880 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Alphabet by 3.6% during the 1st quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock valued at $4,705,000 after purchasing an additional 1,072 shares during the last quarter. Hancock Whitney Corp lifted its stake in Alphabet by 1.9% in the first quarter. Hancock Whitney Corp now owns 420,126 shares of the information services provider’s stock worth $63,410,000 after purchasing an additional 7,677 shares during the last quarter. Semmax Financial Advisors Inc. boosted its position in Alphabet by 18.2% during the first quarter. Semmax Financial Advisors Inc. now owns 28,633 shares of the information services provider’s stock valued at $4,322,000 after buying an additional 4,405 shares during the period. Finally, Beacon Capital Management LLC grew its stake in shares of Alphabet by 1.9% during the first quarter. Beacon Capital Management LLC now owns 11,215 shares of the information services provider’s stock valued at $1,693,000 after buying an additional 205 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.