Alphabet (NASDAQ:GOOGL) Director Frances Arnold Sells 102 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) Director Frances Arnold sold 102 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $340.00, for a total transaction of $34,680.00. Following the transaction, the director directly owned 18,307 shares in the company, valued at $6,224,380. The trade was a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, December 31st, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $313.45, for a total value of $31,971.90.
  • On Monday, December 1st, Frances Arnold sold 102 shares of Alphabet stock. The stock was sold at an average price of $317.66, for a total value of $32,401.32.

Alphabet Price Performance

Shares of GOOGL opened at $338.00 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $342.29. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.08 trillion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.86 and a beta of 1.08. The stock has a 50 day moving average of $320.23 and a 200-day moving average of $264.99.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

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Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOGL. PMV Capital Advisers LLC acquired a new position in shares of Alphabet during the 4th quarter valued at $38,000. Kentucky Trust Co lifted its holdings in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. Financial Gravity Companies Inc. bought a new position in Alphabet during the second quarter valued at about $31,000. iSAM Funds UK Ltd acquired a new position in Alphabet during the third quarter worth about $53,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet in the third quarter worth about $53,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GOOGL shares. Roth Mkm reiterated a “buy” rating and set a $365.00 price objective (up previously from $310.00) on shares of Alphabet in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Alphabet in a report on Thursday, December 11th. Wells Fargo & Company reissued a “positive” rating and issued a $350.00 price target (up previously from $268.00) on shares of Alphabet in a report on Monday, January 12th. Oppenheimer boosted their price objective on Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $334.60.

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About Alphabet

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Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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