Frances Arnold Sells 121 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 121 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $170.30, for a total value of $20,606.30. Following the sale, the director now directly owns 16,938 shares in the company, valued at $2,884,541.40. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 Stock Performance

NASDAQ GOOGL opened at $170.33 on Friday. The firm’s fifty day moving average price is $190.58 and its two-hundred day moving average price is $176.20. The stock has a market cap of $2.08 trillion, a PE ratio of 21.16, a PEG ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of research firms have issued reports on GOOGL. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush increased their target price on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Citigroup lowered their target price on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company raised their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pure Portfolios Holdings LLC bought a new stake in shares of Alphabet in the third quarter worth $922,000. Cyndeo Wealth Partners LLC grew its stake in shares of Alphabet by 18.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 105,949 shares of the information services provider’s stock worth $17,572,000 after purchasing an additional 16,758 shares during the last quarter. West Branch Capital LLC lifted its holdings in Alphabet by 1.4% in the third quarter. West Branch Capital LLC now owns 84,752 shares of the information services provider’s stock valued at $14,056,000 after buying an additional 1,161 shares during the period. Stegent Equity Advisors Inc. lifted its holdings in Alphabet by 2.2% in the third quarter. Stegent Equity Advisors Inc. now owns 9,355 shares of the information services provider’s stock valued at $1,552,000 after buying an additional 204 shares during the period. Finally, Lee Johnson Capital Management LLC acquired a new position in Alphabet in the third quarter valued at $4,056,000. Institutional investors own 40.03% of the company’s stock.

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.