Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) Director Sells $21,366.39 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $192.49, for a total transaction of $21,366.39. Following the completion of the transaction, the director now owns 16,709 shares of the company’s stock, valued at $3,216,315.41. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $169.98, for a total transaction 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 transaction of $75,437.46.

Alphabet Stock Performance

GOOGL opened at $191.79 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $180.24 and its two-hundred day moving average price is $172.50. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share 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 the consensus estimate of $72.85 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s payout ratio is 10.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. DA Davidson assumed coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, Roth Mkm boosted their target price on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GOOGL. Christopher J. Hasenberg Inc raised its holdings in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 60 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Alphabet in the third quarter valued at about $32,000. Kings Path Partners LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $36,000. Denver PWM LLC purchased a new stake in Alphabet during the second quarter worth about $41,000. Finally, Quarry LP bought a new stake in Alphabet in the second quarter worth about $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.