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

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $192.49, for a total transaction of $21,366.39. Following the transaction, the director now directly owns 16,709 shares in the company, valued at $3,216,315.41. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $169.98, for a total transaction 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 Price Performance

Alphabet stock opened at $191.79 on Friday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm has a fifty day moving average of $179.71 and a 200-day moving average of $172.40. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 25.44, a PEG ratio of 1.35 and a beta of 1.01. 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 (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. As a group, analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Institutional Investors Weigh In On Alphabet

A number of large investors have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in Alphabet during the 4th quarter valued at $77,000. NRI Wealth Management LC bought a new position in Alphabet during the 4th quarter valued at $239,000. GAMMA Investing LLC boosted its stake in Alphabet by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 93,970 shares of the information services provider’s stock valued at $17,789,000 after acquiring an additional 11,834 shares during the last quarter. Trust Co of the South boosted its stake in Alphabet by 35.3% during the 4th quarter. Trust Co of the South now owns 5,045 shares of the information services provider’s stock valued at $955,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in shares of Alphabet by 25.1% in the 4th quarter. Global Wealth Strategies & Associates now owns 2,303 shares of the information services provider’s stock worth $436,000 after buying an additional 462 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Finally, Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.44.

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.