Alphabet Inc. (NASDAQ:GOOG) Director Kavitark Ram Shriram Sells 29,066 Shares

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the sale, the director now owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kavitark Ram Shriram also recently made the following trade(s):

• On Tuesday, December 10th, Kavitark Ram Shriram sold 37,134 shares of Alphabet stock. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68.

Alphabet Stock Down 2.4 %

Shares of NASDAQ GOOG traded down $4.42 during mid-day trading on Friday, reaching $182.22. The company had a trading volume of 10,624,364 shares, compared to its average volume of 17,401,611. The stock has a fifty day moving average of $194.22 and a two-hundred day moving average of $177.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.35 and a beta of 1.00. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet's payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Wedbush restated an "outperform" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Canaccord Genuity Group upped their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $209.13.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the third quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the third quarter worth about $33,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter worth about $38,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.