Alphabet Inc. (NASDAQ:GOOGL) Director Sells $32,380.00 in Stock

14 Apr 2025, 17:56 by Teresa Graham · The Cerbat Gem

Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now directly owns 7,613 shares of the company’s stock, valued at $1,232,544.70. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Alphabet Trading Up 1.2 %

Shares of GOOGL traded up $1.93 during trading hours on Monday, hitting $159.07. The company had a trading volume of 30,300,598 shares, compared to its average volume of 28,222,740. The firm has a market cap of $1.94 trillion, a P/E ratio of 19.76, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock’s 50 day moving average price is $168.52 and its 200 day moving average price is $176.31. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s dividend payout ratio is currently 9.94%.

Institutional Trading of Alphabet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOGL. Community Bank N.A. lifted its holdings in Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after buying an additional 2,790 shares during the period. Premier Fund Managers Ltd boosted its position in shares of Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock worth $11,816,000 after purchasing an additional 14,262 shares in the last quarter. Absolute Capital Management LLC grew its stake in shares of Alphabet by 14.0% in the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after buying an additional 258 shares during the last quarter. Permanent Capital Management LP bought a new position in Alphabet during the 4th quarter valued at approximately $273,000. Finally, Glass Wealth Management Co LLC raised its stake in Alphabet by 4.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock valued at $7,014,000 after buying an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. DA Davidson cut their price target on Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a report on Monday. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $205.49.

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