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

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 111 shares of the stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 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 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 value of $21,366.39.

Alphabet Stock Performance

Shares of GOOGL opened at $157.07 on Wednesday. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.02. The business’s fifty day simple moving average is $178.01 and its two-hundred day simple moving average is $177.09. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick 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 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%. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several brokerages recently weighed in on GOOGL. KeyCorp dropped their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Jefferies Financial Group cut their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday. Bank of America reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pettinga Financial Advisors LLC increased its holdings in Alphabet by 10.1% during the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after buying an additional 201 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after purchasing an additional 337,031 shares in the last quarter. Comgest Global Investors S.A.S. raised its holdings in Alphabet by 6.8% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,568,198 shares of the information services provider’s stock worth $260,086,000 after purchasing an additional 99,968 shares during the period. Cutler Investment Counsel LLC lifted its position in Alphabet by 1.7% during the third quarter. Cutler Investment Counsel LLC now owns 3,663 shares of the information services provider’s stock valued at $607,000 after purchasing an additional 61 shares in the last quarter. Finally, River Street Advisors LLC grew its holdings in Alphabet by 1.6% during the third quarter. River Street Advisors LLC now owns 15,243 shares of the information services provider’s stock valued at $2,528,000 after purchasing an additional 244 shares during the period. 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.