Insider Selling: Alphabet (NASDAQ:GOOGL) Director Sells $32,401.32 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 102 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the transaction, the director directly owned 18,104 shares in the company, valued at $5,750,916.64. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 30th, Frances Arnold sold 112 shares of Alphabet stock. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60.
• On Tuesday, September 30th, Frances Arnold sold 103 shares of Alphabet stock. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39.

Alphabet Trading Down 0.6%

NASDAQ:GOOGL opened at $317.62 on Friday. The firm has a 50-day simple moving average of $274.65 and a 200-day simple moving average of $223.02. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83. The firm has a market cap of $3.83 trillion, a P/E ratio of 31.32, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is 8.28%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of Alphabet in a research report on Tuesday, November 25th. Sanford C. Bernstein raised their target price on shares of Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Citizens Jmp upped their price target on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. BNP Paribas Exane initiated coverage on Alphabet in a report on Monday, November 24th. They set an “outperform” rating and a $355.00 price objective for the company. Finally, Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $312.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. Smart Money Group LLC boosted its holdings in Alphabet by 9.4% in the 1st quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after purchasing an additional 532 shares during the last quarter. United Bank grew its stake in shares of Alphabet by 2.1% in the 1st quarter. United Bank now owns 45,084 shares of the information services provider’s stock valued at $6,972,000 after buying an additional 910 shares during the period. Finally, Integrated Investment Consultants LLC grew its stake in shares of Alphabet by 16.4% in the 1st quarter. Integrated Investment Consultants LLC now owns 27,114 shares of the information services provider’s stock valued at $4,193,000 after buying an additional 3,822 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.