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

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 111 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $162.42, for a total transaction of $18,028.62. Following the transaction, the director now owns 17,048 shares in the company, valued at approximately $2,768,936.16. This trade represents 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 accessible through this hyperlink.

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

• On Friday, February 28th, Frances Arnold sold 121 shares of Alphabet stock. The stock was sold at an average price of $170.30, for a total transaction 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 shares were sold at an average price of $192.49, for a total transaction of $21,366.39.

Alphabet Stock Performance

NASDAQ GOOG traded up $0.17 during trading on Monday, hitting $156.23. 33,559,566 shares of the company’s stock traded hands, compared to its average volume of 18,930,280. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.03. 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 $181.53 and a 200-day moving average of $178.69.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Alphabet by 2.8% in the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock worth $22,470,344,000 after acquiring an additional 3,189,592 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alphabet by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after acquiring an additional 1,219,606 shares in the last quarter. Capital International Investors increased its stake in shares of Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares during the last quarter. Northern Trust Corp increased its position in Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after acquiring an additional 7,917,625 shares during the period. Finally, Capital Research Global Investors boosted its stake in Alphabet by 0.8% in the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider’s stock valued at $7,455,571,000 after buying an additional 294,556 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer upped their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.56.

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.