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

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 111 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $192.49, for a total value of $21,366.39. Following the sale, the director now owns 16,709 shares in the company, valued at approximately $3,216,315.41. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $169.98, for a total value of $18,867.78.
• 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 Up 1.3 %

Shares of NASDAQ GOOG opened at $193.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $2.36 trillion, a P/E ratio of 25.61, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The firm has a 50-day simple moving average of $181.25 and a two-hundred day simple moving average of $173.90.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data 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. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. Research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of GOOG. Heritage Family Offices LLP bought a new stake in shares of Alphabet during the second quarter valued at approximately $227,000. Gouws Capital LLC raised its stake in shares of Alphabet by 3.2% during the second quarter. Gouws Capital LLC now owns 57,335 shares of the information services provider’s stock valued at $10,516,000 after acquiring an additional 1,780 shares in the last quarter. Montag A & Associates Inc. raised its stake in shares of Alphabet by 3.7% during the second quarter. Montag A & Associates Inc. now owns 280,031 shares of the information services provider’s stock valued at $51,363,000 after acquiring an additional 10,093 shares in the last quarter. Summit Financial LLC raised its stake in shares of Alphabet by 45.5% during the second quarter. Summit Financial LLC now owns 39,653 shares of the information services provider’s stock valued at $7,273,000 after acquiring an additional 12,403 shares in the last quarter. Finally, Claro Advisors LLC raised its stake in shares of Alphabet by 4.6% during the second quarter. Claro Advisors LLC now owns 33,580 shares of the information services provider’s stock valued at $6,159,000 after acquiring an additional 1,478 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of a number of recent research reports. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday. Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer raised their price target on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group raised their price target on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup raised their price objective on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.