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 on Friday, March 28th. The stock was sold at an average price of $162.42, for a total value of $18,028.62. Following the completion of the sale, the director now directly owns 17,048 shares in the company, valued at $2,768,936.16. This represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 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 transaction of $21,366.39.

Alphabet Stock Up 1.7 %

Shares of GOOG opened at $158.88 on Wednesday. The company has a market capitalization of $1.94 trillion, a P/E ratio of 19.74, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70. The business’s 50 day simple moving average is $179.89 and its 200-day simple moving average is $178.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Westpark Capital started coverage on Alphabet in a research report on Tuesday. They set a “buy” rating and a $210.00 price objective for the company. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $208.65.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently modified their holdings of the business. GPS Wealth Strategies Group LLC lifted its stake in shares of Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 1,041 shares during the period. North Forty Two & Co. acquired a new position in shares of Alphabet during the 4th quarter worth about $281,000. Coldstream Capital Management Inc. grew its position in shares of Alphabet by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock worth $19,642,000 after buying an additional 14,738 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $927,000. Finally, Stevens Capital Management LP raised its position in shares of Alphabet by 172.9% in the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock valued at $15,254,000 after acquiring an additional 57,810 shares during the period. 27.26% of the stock is owned by institutional investors.

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.