Alphabet (NASDAQ:GOOG) Director Frances Arnold Sells 102 Shares

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, April 30th, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00.

Alphabet Stock Performance

Shares of Alphabet stock traded down $3.85 during trading on Monday, reaching $372.58. The company’s stock had a trading volume of 18,749,235 shares, compared to its average volume of 17,981,300. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47. The business’s 50-day moving average price is $343.28 and its 200-day moving average price is $324.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.51 trillion, a PE ratio of 28.42, a P/E/G ratio of 1.61 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the prior year, the business posted $2.81 earnings per share. Alphabet’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s planned $10 billion investment in Alphabet adds a major vote of confidence and helps validate the company’s AI expansion strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analyst commentary said Google is a clear beneficiary as AI search grows, supporting the view that Alphabet can defend and extend its core search franchise even as AI competition intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s ties to high-profile private AI names like Anthropic and SpaceX could give investors additional indirect exposure ahead of possible future IPOs, though this is more of a longer-term optionality story. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The planned $80 billion capital raise may weigh on sentiment because it implies substantial spending needs and potential dilution, even if it strengthens Alphabet’s AI capacity. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, potentially limiting Google’s access to some government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Hedge Funds Weigh In On Alphabet

A number of large investors have recently modified their holdings of GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. bought a new position in Alphabet during the 4th quarter valued at $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GOOG shares. DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Scotiabank reaffirmed an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $378.50.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.