Alphabet Inc. (NASDAQ:GOOG) Insider Sells $1,962,705.76 in Stock

Alphabet Inc. (NASDAQ:GOOG) insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Kent Walker also recently made the following trade(s):

• On Tuesday, February 18th, John Kent Walker sold 17,690 shares of Alphabet stock. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90.
• On Monday, December 30th, John Kent Walker sold 16,820 shares of Alphabet stock. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $156.06 on Friday. The business has a 50-day moving average of $181.53 and a two-hundred day moving average of $178.51. The firm has a market capitalization of $1.90 trillion, a PE ratio of 19.39, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is 9.94%.

Institutional Trading of Alphabet

A number of institutional investors have recently added to or reduced their stakes in the business. Weiss Asset Management LP purchased a new stake in shares of Alphabet in the third quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in Alphabet in the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the third quarter valued at approximately $33,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Scotiabank boosted their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.56.

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.