Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold Sells 110 Shares

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 110 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,363,800. The trade was a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $21,366.39.
• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $169.98, for a total value of $18,867.78.
• On Monday, November 4th, Frances Arnold sold 441 shares of Alphabet stock. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46.

Alphabet Trading Up 2.8 %

Shares of NASDAQ:GOOG opened at $202.63 on Friday. The firm has a fifty day moving average of $189.03 and a two-hundred day moving average of $175.35. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $203.84. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Alphabet

Large investors have recently bought and sold shares of the business. Arlington Trust Co LLC raised its position in shares of Alphabet by 0.4% in the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider’s stock valued at $2,747,000 after purchasing an additional 52 shares during the period. Harrell Investment Partners LLC increased its position in shares of Alphabet by 0.9% during the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider’s stock valued at $1,078,000 after purchasing an additional 53 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in Alphabet by 1.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider’s stock valued at $966,000 after buying an additional 54 shares during the period. Tempus Wealth Planning LLC lifted its stake in Alphabet by 1.7% during the fourth quarter. Tempus Wealth Planning LLC now owns 3,337 shares of the information services provider’s stock worth $636,000 after purchasing an additional 55 shares during the period. Finally, Investment Advisory Group LLC boosted its stake in Alphabet by 0.7% in the 4th quarter. Investment Advisory Group LLC now owns 7,684 shares of the information services provider’s stock valued at $1,463,000 after buying an additional 56 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOG has been the topic of several research reports. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.69.

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.