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

by · The Cerbat Gem

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $340.00, for a total value of $34,680.00. Following the transaction, the director directly owned 18,307 shares in the company, valued at approximately $6,224,380. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, December 31st, Frances Arnold sold 102 shares of Alphabet stock. The stock was sold at an average price of $313.45, for a total value of $31,971.90.
  • On Monday, December 1st, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $317.66, for a total value of $32,401.32.

Alphabet Stock Down 0.1%

Shares of GOOGL stock traded down $0.25 during trading on Friday, hitting $338.00. 30,971,820 shares of the company were exchanged, compared to its average volume of 29,528,128. The firm has a market capitalization of $4.08 trillion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The business’s 50-day simple moving average is $319.46 and its 200 day simple moving average is $263.90. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $342.29.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Analysts Set New Price Targets

Several analysts have recently commented on GOOGL shares. Mizuho set a $365.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research note on Friday, January 9th. Robert W. Baird upped their price target on shares of Alphabet from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Monday. Evercore ISI upped their price objective on Alphabet from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, CICC Research boosted their target price on shares of Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $334.60.

View Our Latest Stock Analysis on Alphabet

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Financial Gravity Companies Inc. purchased a new position in Alphabet during the 2nd quarter valued at about $31,000. PMV Capital Advisers LLC bought a new position in Alphabet during the fourth quarter valued at approximately $38,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after purchasing an additional 67 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet in the third quarter worth approximately $53,000. Finally, Kentucky Trust Co lifted its holdings in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the period. Institutional investors own 40.03% of the company’s stock.

About Alphabet

(Get Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Read More