Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold Sells 110 Shares

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 110 shares of Alphabet stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $200.00, for a total transaction of $22,000.00. Following the sale, the director now directly owns 16,819 shares of the company’s stock, valued at $3,363,800. This represents a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 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 2.8 %

Shares of Alphabet stock traded up $5.45 on Thursday, reaching $202.63. 14,381,773 shares of the company were exchanged, compared to its average volume of 15,965,072. The company has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The company has a 50-day moving average of $189.03 and a 200 day moving average of $175.35.

Alphabet (NASDAQ:GOOG) last posted 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 firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GOOG shares. Scotiabank boosted their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Pivotal Research boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.80.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently modified their holdings of GOOG. FMR LLC lifted its holdings in Alphabet by 5.2% during the 3rd quarter. FMR LLC now owns 114,802,133 shares of the information services provider’s stock valued at $19,193,768,000 after purchasing an additional 5,655,022 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alphabet by 10.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider’s stock worth $5,573,125,000 after buying an additional 3,113,395 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Alphabet by 65.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,294,332 shares of the information services provider’s stock worth $1,052,349,000 after buying an additional 2,500,621 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Alphabet by 182.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,526,055 shares of the information services provider’s stock valued at $422,331,000 after buying an additional 1,630,701 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Alphabet by 9.1% in the 3rd quarter. Jennison Associates LLC now owns 15,424,324 shares of the information services provider’s stock valued at $2,578,793,000 after acquiring an additional 1,291,274 shares during the period. 27.26% of the stock is owned by 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.