Alphabet Inc. (NASDAQ:GOOG) Insider Sells $2,780,226.94 in Stock

Alphabet Inc. (NASDAQ:GOOG) insider John Kent Walker sold 16,802 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $165.47, for a total value of $2,780,226.94. Following the completion of the transaction, the insider now owns 43,999 shares of the company’s stock, valued at approximately $7,280,514.53. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, September 3rd, John Kent Walker sold 21,467 shares of Alphabet stock. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45.

Alphabet Trading Down 0.7 %

Shares of NASDAQ:GOOG opened at $167.31 on Thursday. Alphabet Inc. has a 12-month low of $121.46 and a 12-month high of $193.31. The stock has a market cap of $2.07 trillion, a PE ratio of 25.66, a P/E/G ratio of 1.21 and a beta of 1.04. The business has a 50 day moving average of $163.57 and a 200-day moving average of $168.50. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is 12.27%.

Institutional Investors Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOG. Richardson Financial Services Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $34,000. Abich Financial Wealth Management LLC raised its position in shares of Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after buying an additional 184 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Alphabet in the second quarter valued at approximately $37,000. HWG Holdings LP acquired a new stake in shares of Alphabet in the second quarter valued at approximately $40,000. Finally, Slocum Gordon & Co LLP acquired a new stake in shares of Alphabet in the second quarter valued at approximately $44,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOOG. DA Davidson upgraded Alphabet to a “hold” rating in a report on Tuesday, September 10th. Oppenheimer reduced their price target on Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a report on Thursday, September 5th. Pivotal Research assumed coverage on Alphabet in a report on Tuesday. They set a “buy” rating and a $215.00 price target for the company. Finally, Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.75.

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.