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

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 111 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $162.42, for a total value of $18,028.62. Following the transaction, the director now owns 17,048 shares in the company, valued at approximately $2,768,936.16. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, February 28th, Frances Arnold sold 121 shares of Alphabet stock. The shares were sold at an average price of $170.30, for a total transaction of $20,606.30.
• On Thursday, January 30th, Frances Arnold sold 110 shares of Alphabet stock. The stock was sold at an average price of $200.00, for a total transaction of $22,000.00.
• 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 transaction of $21,366.39.

Alphabet Stock Up 0.1 %

Shares of GOOG opened at $156.23 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.03. The stock has a fifty day moving average of $180.70 and a 200-day moving average of $178.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Hedge Funds Weigh In On Alphabet

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after purchasing an additional 264,962 shares during the period. Martingale Asset Management L P bought a new position in Alphabet during the third quarter worth $505,000. Tradition Wealth Management LLC lifted its holdings in Alphabet by 8.3% in the third quarter. Tradition Wealth Management LLC now owns 13,533 shares of the information services provider’s stock valued at $2,263,000 after buying an additional 1,037 shares during the period. Semmax Financial Advisors Inc. boosted its position in Alphabet by 5.4% during the third quarter. Semmax Financial Advisors Inc. now owns 10,729 shares of the information services provider’s stock valued at $1,967,000 after acquiring an additional 554 shares during the last quarter. Finally, Timber Creek Capital Management LLC grew its holdings in Alphabet by 3.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 68,194 shares of the information services provider’s stock worth $11,401,000 after acquiring an additional 2,054 shares during the period. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOG. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer raised their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $208.56.

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.