Key Points
- Alphabet director John Hennessy sold 1,050 shares on May 15 at an average price of $393.26, for proceeds of about $412,923. His stake fell by 29.32% to 2,531 shares.
- Alphabet’s stock was down 2.1% in the session referenced, opening at $384.90, while still trading near its 52-week high of $404.47.
- The company recently beat quarterly expectations with EPS of $5.11 and revenue of $109.90 billion, and it also raised its quarterly dividend to $0.22 per share.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Alphabet Stock Down 2.1%
Shares of Alphabet stock opened at $384.90 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business's 50 day simple moving average is $331.01 and its 200-day simple moving average is $318.96. The stock has a market capitalization of $4.66 trillion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.68 and a beta of 1.25. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 EPS. Equities research analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 6.41%.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google I/O 2026 showcased a major AI push across Search, Gemini, Chrome, Android, YouTube, and Workspace, reinforcing Alphabet’s leadership in AI monetization.
- Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture using Google’s TPU chips, which could expand Alphabet’s AI infrastructure business and strengthen its competitive moat.
- Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake again, signaling continued confidence from a major long-term investor.
- Neutral Sentiment: Wall Street commentary remains split between enthusiasm over Alphabet’s AI progress and caution after the stock’s sharp rally and elevated valuation.
- Negative Sentiment: A major shareholder disclosed additional Alphabet share sales, which may be adding modest short-term pressure as investors take profits after the recent move higher.
Analyst Ratings Changes
A number of brokerages have recently weighed in on GOOG. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. TD Cowen upped their target price on shares of Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of "Buy" and an average price target of $363.40.
Get Our Latest Report on Alphabet
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Nvest Wealth Strategies Inc. bought a new position in Alphabet in the 4th quarter worth about $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $31,000. Bard Associates Inc. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $41,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $32,000. 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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