Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) Insider Sells 16,820 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alphabet Stock Up 1.2 %

GOOGL stock opened at $191.79 on Friday. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The stock has a market cap of $2.35 trillion, a P/E ratio of 25.44, a P/E/G ratio of 1.35 and a beta of 0.98. The stock’s fifty day simple moving average is $180.24 and its two-hundred day simple moving average is $172.50. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the business earned $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI upped their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. DA Davidson initiated coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.44.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of GOOGL. Christopher J. Hasenberg Inc boosted its position in Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares during the period. LMR Partners LLP purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $32,000. Kings Path Partners LLC bought a new position in Alphabet in the 2nd quarter worth approximately $36,000. Denver PWM LLC purchased a new position in Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in Alphabet during the 2nd quarter valued at $53,000. Hedge funds and other 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.