Frances Arnold Sells 102 Shares of Alphabet (NASDAQ:GOOG) Stock

Key Points

  • Major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 Alphabet shares on Jan. 30, disclosing an aggregate sale of $35,060,852 at an average price of $19.00 per share in an SEC filing.
  • Analysts & AI momentum: Alphabet recently beat quarterly estimates (EPS $2.87 vs. $2.29 expected), has a $4.09 trillion market cap and a consensus "Buy" rating with a $330.83 average target, while AI initiatives like Project Genie and reported institutional buying are being cited as catalysts for ad and cloud upside.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 102 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $340.00, for a total transaction of $34,680.00. Following the completion of the transaction, the director directly owned 18,307 shares in the company, valued at $6,224,380. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction 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 transaction of $32,401.32.

Alphabet Trading Down 0.0%

Shares of GOOG stock opened at $338.53 on Friday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $342.29. The company has a market capitalization of $4.09 trillion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. The firm has a 50 day moving average price of $320.91 and a two-hundred day moving average price of $265.66. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.




Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 earnings per share. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 8.28%.

Analyst Ratings Changes

Several research firms recently commented on GOOG. Citigroup restated a "market outperform" rating on shares of Alphabet in a research note on Wednesday, December 17th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Wednesday, January 21st. Hsbc Global Res upgraded shares of Alphabet to a "strong-buy" rating in a research report on Tuesday, October 7th. Sanford C. Bernstein boosted 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, Scotiabank reissued an "outperform" rating and set a $375.00 price target (up previously from $336.00) on shares of Alphabet in a research report on Friday, January 9th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $330.83.

Get Our Latest Stock Report on Alphabet

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Institutional Investors Weigh In On Alphabet

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOG. Sigma Planning Corp increased its stake in shares of Alphabet by 1.1% in the 4th quarter. Sigma Planning Corp now owns 139,304 shares of the information services provider's stock valued at $43,709,000 after purchasing an additional 1,448 shares during the last quarter. Cullinan Associates Inc. raised its stake in Alphabet by 12.0% during the fourth quarter. Cullinan Associates Inc. now owns 101,414 shares of the information services provider's stock worth $31,824,000 after acquiring an additional 10,890 shares in the last quarter. Belleair Asset Management LLC bought a new position in shares of Alphabet in the fourth quarter worth about $514,000. North Star Investment Management Corp. boosted its stake in shares of Alphabet by 16.8% in the 4th quarter. North Star Investment Management Corp. now owns 36,385 shares of the information services provider's stock valued at $11,418,000 after purchasing an additional 5,221 shares in the last quarter. Finally, Safe Harbor Family Capital LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $400,000. 27.26% of the stock is currently owned by institutional investors.

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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