Key Points
- Frances Arnold sold 102 shares of Alphabet on Dec. 1 at an average price of $317.66 for $32,401, trimming her position by 0.56% to 18,104 shares (≈$5.75M); she also sold 112 and 103 shares in Oct. and Sept., respectively.
- Alphabet beat Q3 expectations, reporting $2.87 EPS vs. $2.29 expected and $102.35B in revenue (up 15.9% year‑over‑year), and announced a $0.21 quarterly dividend (ex‑dividend Dec. 8, payable Dec. 15) while analysts maintain an overall "Buy" consensus.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 102 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director owned 18,104 shares in the company, valued at $5,750,916.64. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Frances Arnold also recently made the following trade(s):
- On Thursday, October 30th, Frances Arnold sold 112 shares of Alphabet stock. The shares were sold at an average price of $291.80, for a total value of $32,681.60.
- On Tuesday, September 30th, Frances Arnold sold 103 shares of Alphabet stock. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39.
Alphabet Trading Up 0.3%
Shares of Alphabet stock opened at $316.02 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $328.67. The firm has a market cap of $3.81 trillion, a PE ratio of 31.17, a PEG ratio of 1.82 and a beta of 1.07. The company has a 50 day simple moving average of $272.34 and a two-hundred day simple moving average of $222.44.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio is 8.28%.
Hedge Funds Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently made changes to their positions in GOOG. IFS Advisors LLC lifted its position in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock worth $27,000 after purchasing an additional 120 shares during the period. Robbins Farley increased its position in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after buying an additional 60 shares during the period. WestEnd Advisors LLC raised its stake in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock worth $29,000 after buying an additional 61 shares in the last quarter. Fairman Group LLC lifted its holdings in Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock worth $31,000 after buying an additional 97 shares during the period. Finally, University of Illinois Foundation bought a new stake in Alphabet during the 2nd quarter valued at approximately $31,000. Institutional investors own 27.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GOOG. HSBC restated a "buy" rating and issued a $335.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Raymond James Financial set a $275.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research note on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday, October 27th. Bank of America lifted their target price on shares of Alphabet from $280.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. Finally, Barclays upped their price target on shares of Alphabet from $250.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $307.22.
Check Out Our Latest Stock Analysis on GOOG
Alphabet Company Profile
(
Get Free Report)
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.
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