Alphabet Inc. (NASDAQ:GOOGL) Director Sells $20,606.30 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 121 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $170.30, for a total value of $20,606.30. Following the sale, the director now owns 16,938 shares in the company, valued at approximately $2,884,541.40. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 30th, Frances Arnold sold 110 shares of Alphabet stock. The stock was sold at an average price of $200.00, for a total transaction of $22,000.00.
• 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.

Alphabet Price Performance

GOOGL traded up $0.95 during trading on Friday, reaching $169.45. The stock had a trading volume of 28,130,399 shares, compared to its average volume of 28,432,010. 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 business has a 50-day moving average of $191.00 and a 200-day moving average of $176.06. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. The stock has a market cap of $2.07 trillion, a PE ratio of 21.01, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate 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 anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Institutional Investors Weigh In On Alphabet

A number of hedge funds have recently made changes to their positions in GOOGL. Compass Planning Associates Inc bought a new stake in Alphabet in the fourth quarter worth $30,000. LMR Partners LLP purchased a new position in shares of Alphabet in the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $39,000. Finally, PayPay Securities Corp raised its holdings in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

About Alphabet

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.