Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the sale, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Alphabet Trading Down 1.2%
NASDAQ:GOOG opened at $335.40 on Tuesday. Alphabet Inc. has a 1-year low of $148.40 and a 1-year high of $350.15. The business's 50-day moving average price is $306.20 and its two-hundred day moving average price is $302.92. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.09 and a beta of 1.13.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. On average, equities analysts expect that Alphabet Inc. will post 11.53 earnings per share for the current year.
Alphabet Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is currently 7.77%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GOOG. Scotiabank reissued an "outperform" rating and set a $400.00 price target (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $385.00 to $395.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. DZ Bank raised Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of "Buy" and a consensus price target of $346.03.
View Our Latest Research Report on GOOG
Institutional Investors Weigh In On Alphabet
Institutional investors have recently added to or reduced their stakes in the stock. Tradewinds LLC. grew its stake in shares of Alphabet by 2,134.8% during the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock worth $10,984,000 after buying an additional 43,080 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after buying an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after acquiring an additional 84,553 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after acquiring an additional 2,009 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Alphabet by 2.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after acquiring an additional 3,444 shares in the last quarter. 27.26% of the stock is owned by institutional investors.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Wall Street bullishness ahead of Google Cloud Next and earnings: analysts have named Alphabet a top pick and one analyst sees meaningful upside tied to Google Cloud and AI momentum, supporting continued investor interest. Read More.
- Positive Sentiment: New AI hardware roadmap: multiple reports and Bloomberg coverage indicate Google will announce a new generation of inference-focused TPUs (custom AI chips), which could improve margins and cloud differentiation if adoption scales. Read More.
- Neutral Sentiment: Reports that Google is in design talks with Marvell for AI chips have surfaced; the news could be strategic (diversifying suppliers) but remains unconfirmed and analysts have disputed the deal’s immediacy, making market impact uncertain. Read More.
- Neutral Sentiment: Tech/ETF pressure: broader tech weakness and pullbacks in major semiconductor and FAAMG names are contributing to Alphabet’s slide as ETFs like QQQ and VTI show tech-heavy drawdowns that weigh on GOOG. Read More.
- Negative Sentiment: Large reported 13F moves raise selling noise: a Quiver Quant filing shows Cardano Risk Management dramatically reduced its reported GOOG/GOOGL positions (~90% cuts), which could create short-term selling pressure (filing/parse caveats apply). Read More.
- Negative Sentiment: Insider selling: Director John L. Hennessy disclosed a sale of 1,050 shares on April 15, a small insider sale that adds to the day’s negative signals for some investors. Read More.
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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