Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold Sells 90 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGGet Free Report) Director Frances Arnold sold 90 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $152.00, for a total value of $13,680.00. Following the sale, the director now directly owns 15,412 shares of the company’s stock, valued at approximately $2,342,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, February 29th, Frances Arnold sold 100 shares of Alphabet stock. The shares were sold at an average price of $138.22, for a total value of $13,822.00.
  • On Tuesday, January 30th, Frances Arnold sold 230 shares of Alphabet stock. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80.

Alphabet Stock Up 0.2 %

NASDAQ GOOG opened at $152.26 on Friday. The stock has a 50 day moving average price of $144.89 and a 200-day moving average price of $139.48. Alphabet Inc. has a one year low of $100.29 and a one year high of $155.20. The company has a market capitalization of $1.89 trillion, a P/E ratio of 26.25, a P/E/G ratio of 1.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, equities analysts predict that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Alphabet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC lifted its position in Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares during the last quarter. FMR LLC boosted its stake in shares of Alphabet by 3.8% during the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after purchasing an additional 4,348,188 shares during the period. JPMorgan Chase & Co. grew its holdings in Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares during the last quarter. Capital International Investors raised its position in Alphabet by 1.1% in the 4th quarter. Capital International Investors now owns 80,246,520 shares of the information services provider’s stock worth $11,309,370,000 after purchasing an additional 862,550 shares during the period. Finally, Morgan Stanley lifted its stake in Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOG. Raymond James raised their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $146.33.

Get Our Latest Research Report on GOOG

Alphabet Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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