Key Points
- John Kent Walker sold 17,829 shares of Alphabet on Dec. 30 at an average price of $314.89 for about $5.61M, leaving him with 42,972 shares — a 29.32% reduction in his ownership, per an SEC filing.
- Alphabet beat expectations in its most recent quarter (Oct. 30) with $2.87 EPS vs. $2.29 expected and $102.35B revenue (+15.9% YoY), and analysts maintain a consensus "Buy" with a ~$313.04 price target.
- Momentum and risk: Rapid Google Gemini adoption and strong cloud growth are supporting monetization and margin expansion, while a reported DOJ probe into DEI policies represents a regulatory overhang that could amplify volatility.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Alphabet Stock Up 0.0%
NASDAQ GOOG opened at $314.54 on Wednesday. The business has a fifty day moving average price of $298.73 and a two-hundred day moving average price of $242.31. The stock has a market capitalization of $3.80 trillion, a PE ratio of 31.02, a PEG ratio of 1.81 and a beta of 1.07. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $328.67. 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 (NASDAQ:GOOG - Get Free Report) last posted 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 return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion during the quarter, compared to analysts' expectations of $99.90 billion. During the same quarter in the previous year, the firm earned $2.12 EPS. Alphabet's revenue was up 15.9% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet's dividend payout ratio (DPR) is presently 8.28%.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GOOG shares. KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Pivotal Research restated a "buy" rating and set a $400.00 price objective (up previously from $350.00) on shares of Alphabet in a research report on Friday, December 5th. Bank of America upped their target price on Alphabet from $280.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, October 30th. Sanford C. Bernstein lifted their price target on Alphabet from $260.00 to $305.00 and gave the company an "outperform" rating in a research note on Thursday, October 30th. Finally, Raymond James Financial set a $275.00 price target on Alphabet and gave the stock an "outperform" rating in a report on Friday, October 24th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $313.04.
Get Our Latest Research Report on Alphabet
Institutional Investors Weigh In On Alphabet
Institutional investors have recently made changes to their positions in the stock. RDA Financial Network grew its position in shares of Alphabet by 5.3% during the 2nd quarter. RDA Financial Network now owns 11,094 shares of the information services provider's stock worth $1,968,000 after buying an additional 554 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Alphabet by 1.4% in the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider's stock worth $30,160,000 after acquiring an additional 2,304 shares during the period. American National Bank of Texas purchased a new stake in Alphabet in the third quarter worth about $900,000. Northwestern Mutual Wealth Management Co. grew its holdings in Alphabet by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider's stock worth $206,542,000 after acquiring an additional 42,028 shares in the last quarter. Finally, Oldfather Financial Services LLC purchased a new position in Alphabet during the 2nd quarter valued at about $213,000. Institutional investors own 27.26% of the company's stock.
About Alphabet
(
Get Free Report)
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.
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