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

Key Points

  • Insider sale: Alphabet director Frances Arnold sold 102 shares on May 29 at an average price of $381, totaling about $38,862. After the sale, she still held 18,721 shares worth roughly $7.13 million.
  • Strong quarterly results: Alphabet reported quarterly EPS of $5.11, easily beating the $2.68 consensus estimate, while revenue rose 21.8% year over year to $109.9 billion. The company also posted strong profitability with a 37.92% net margin.
  • Dividend and analyst outlook: Alphabet raised its quarterly dividend to $0.22 from $0.21, and analysts remain broadly constructive with a consensus rating of Buy and an average price target of $378.50.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Frances Arnold also recently made the following trade(s):

  • On Thursday, April 30th, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $371.00, for a total value of $37,842.00.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $372.58 on Tuesday. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The firm has a market cap of $4.51 trillion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The business has a fifty day moving average of $344.61 and a 200-day moving average of $325.11.




Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period last year, the company posted $2.81 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is 6.71%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group restated a "neutral" rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Scotiabank restated an "outperform" rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, KeyCorp reissued an "overweight" rating on shares of Alphabet in a report on Wednesday, May 20th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus price target of $378.50.

Read Our Latest Analysis on GOOG

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of GOOG. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in Alphabet by 76.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after buying an additional 806,681 shares during the period. Darwin Wealth Management LLC acquired a new position in Alphabet in the second quarter valued at $658,000. Financial Advisors Network Inc. lifted its holdings in Alphabet by 7.7% in the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after buying an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in Alphabet by 10.7% in the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after buying an additional 3,616 shares during the period. 27.26% of the stock is currently owned by institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Alphabet?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Alphabet and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles