Alphabet Inc. (NASDAQ:GOOGL) Director Sells $5,374,012.74 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68.

Alphabet Stock Performance

Shares of Alphabet stock traded up $0.94 on Wednesday, reaching $184.71. The stock had a trading volume of 10,818,414 shares, compared to its average volume of 27,181,850. The business’s 50-day moving average price is $193.02 and its two-hundred day moving average price is $175.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The stock has a market cap of $2.25 trillion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

Several research firms have commented on GOOGL. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lowered their price objective on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Finally, Pivotal Research lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Hedge Funds Weigh In On Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Shikiar Asset Management Inc. bought a new stake in Alphabet in the 3rd quarter valued at $343,000. Shira Ridge Wealth Management increased its holdings in Alphabet by 6.4% in the 3rd quarter. Shira Ridge Wealth Management now owns 6,006 shares of the information services provider’s stock valued at $996,000 after buying an additional 362 shares during the period. Crestmont Private Wealth LLC increased its holdings in Alphabet by 7.5% in the 3rd quarter. Crestmont Private Wealth LLC now owns 4,557 shares of the information services provider’s stock valued at $756,000 after buying an additional 317 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in Alphabet by 10.3% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 18,031 shares of the information services provider’s stock valued at $2,990,000 after buying an additional 1,680 shares during the period. Finally, Willner & Heller LLC increased its holdings in Alphabet by 2.2% in the 3rd quarter. Willner & Heller LLC now owns 10,890 shares of the information services provider’s stock valued at $1,806,000 after buying an additional 231 shares during the period. 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.