Alphabet Inc. (NASDAQ:GOOGL) Director Sells $18,028.62 in Stock

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Frances Arnold sold 111 shares of Alphabet stock in a transaction on Friday, March 28th. The shares were sold at an average price of $162.42, for a total transaction of $18,028.62. Following the completion of the sale, the director now directly owns 17,048 shares of the company's stock, valued at approximately $2,768,936.16. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, February 28th, Frances Arnold sold 121 shares of Alphabet stock. The stock was sold at an average price of $170.30, for a total value of $20,606.30.
• On Thursday, January 30th, Frances Arnold sold 110 shares of Alphabet stock. The shares were sold at an average price of $200.00, for a total transaction of $22,000.00.
• 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 transaction of $21,366.39.

Alphabet Trading Up 1.6 %

Shares of NASDAQ GOOGL traded up $2.43 during midday trading on Tuesday, hitting $157.07. The stock had a trading volume of 30,475,809 shares, compared to its average volume of 27,397,948. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05. The firm has a market cap of $1.91 trillion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company's 50-day simple moving average is $178.83 and its 200 day simple moving average is $177.10.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Roth Mkm restated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Rosenblatt Securities restated a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Morgan Stanley cut their price objective on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler decreased their target price on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price target on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research note on Monday. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $209.49.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently modified their holdings of the stock. Bennett Selby Investments LP raised its holdings in Alphabet by 4.0% during the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after buying an additional 52 shares during the last quarter. Macroview Investment Management LLC raised its stake in shares of Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after acquiring an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after purchasing an additional 53 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after purchasing an additional 53 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.