Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) Director Sells 110 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Frances Arnold sold 110 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $200.00, for a total value of $22,000.00. Following the completion of the sale, the director now directly owns 16,819 shares in the company, valued at $3,363,800. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 31st, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $192.49, for a total value of $21,366.39.
• 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 shares were sold at an average price of $171.06, for a total transaction of $75,437.46.

Alphabet Stock Up 2.8 %

GOOGL traded up $5.45 during trading hours on Thursday, hitting $200.86. 23,503,912 shares of the company's stock were exchanged, compared to its average volume of 24,283,115. The firm has a market cap of $2.46 trillion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. 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 firm has a 50 day moving average of $187.53 and a 200 day moving average of $173.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GOOGL shares. Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Sanford C. Bernstein lifted their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald cut their price target on Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $209.82.

Institutional Investors Weigh In On Alphabet

Several large investors have recently bought and sold shares of GOOGL. International Assets Investment Management LLC grew its holdings in Alphabet by 43,005.6% during the 3rd quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock worth $31,086,250,000 after acquiring an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Alphabet by 587.4% during the third quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock worth $1,772,991,000 after purchasing an additional 9,135,056 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Alphabet by 116.4% in the third quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock valued at $1,437,957,000 after buying an additional 4,662,809 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Alphabet by 115.4% during the 2nd quarter. Clearbridge Investments LLC now owns 6,939,456 shares of the information services provider's stock worth $1,264,022,000 after buying an additional 3,718,420 shares during the last quarter. 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.

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