Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold Sells 111 Shares

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $162.42, for a total transaction of $18,028.62. Following the sale, the director now owns 17,048 shares in the company, valued at $2,768,936.16. The trade was a 0.65 % decrease in their ownership of the stock. 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 Friday, February 28th, Frances Arnold sold 121 shares of Alphabet stock. The shares were sold at an average price of $170.30, for a total value of $20,606.30.
• 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 value of $22,000.00.
• On Tuesday, December 31st, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $192.49, for a total value of $21,366.39.

Alphabet Trading Up 1.6 %

GOOGL opened at $157.07 on Wednesday. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The company has a market capitalization of $1.91 trillion, a P/E ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.02. The stock’s fifty day moving average is $178.01 and its two-hundred day moving average is $177.09. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GOOGL shares. Roth Mkm reissued a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price target on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Bank of America reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. cut their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.49.

Hedge Funds Weigh In On Alphabet

A number of large investors have recently bought and sold shares of the business. Compass Planning Associates Inc bought a new stake in shares of Alphabet in the 4th quarter valued at about $30,000. LMR Partners LLP acquired a new stake in Alphabet in the third quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $39,000. Finally, PayPay Securities Corp lifted its holdings in shares of 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 purchasing an additional 65 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

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.