Key Points
- Frances Arnold sold 102 shares of Alphabet on Dec. 31 at an average price of $313.45 for about $31,971.90, leaving her with 18,205 shares (a 0.56% reduction) as disclosed in an SEC filing.
- The sale continues recent insider disposals by Arnold (also sold 102 shares on Dec. 1 and 112 on Oct. 30), adding to headline risk that could pressure near‑term sentiment.
- Alphabet beat quarterly estimates (EPS $2.87 vs $2.29; revenue $102.35B vs $99.9B), announced a $0.21 quarterly dividend (0.3% yield), and has seen multiple analyst target raises amid positive AI momentum and some regulatory/execution risks.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total value of $31,971.90. Following the sale, the director directly owned 18,205 shares of the company's stock, valued at $5,706,357.25. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Frances Arnold also recently made the following trade(s):
- 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 transaction of $32,401.32.
- On Thursday, October 30th, Frances Arnold sold 112 shares of Alphabet stock. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60.
Alphabet Stock Performance
Shares of GOOG stock opened at $313.80 on Thursday. The company has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 30.95, a PEG ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $328.67. The company has a 50-day simple moving average of $299.96 and a 200 day simple moving average of $242.81.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $99.90 billion. During the same period last year, the business posted $2.12 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 8.28%.
Institutional Trading of Alphabet
Several large investors have recently made changes to their positions in GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter valued at $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. IFS Advisors LLC increased its position in Alphabet by 400.0% during 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 in the last quarter. Robbins Farley grew its stake in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock worth $28,000 after buying an additional 60 shares during the last quarter. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Alphabet during the third quarter worth $40,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a "neutral" rating on shares of Alphabet in a research report on Thursday, October 30th. Wolfe Research increased their target price on shares of Alphabet from $290.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, October 30th. TD Cowen raised their target price on shares of Alphabet from $335.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, December 3rd. Finally, Pivotal Research reissued a "buy" rating and set a $400.00 price target (up previously from $350.00) on shares of Alphabet in a research report on Friday, December 5th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $313.04.
Read Our Latest Report on GOOG
More Alphabet News
Here are the key news stories impacting Alphabet this week:
Alphabet Company Profile
(
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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