Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Frances Arnold also recently made the following trade(s):
- On Thursday, July 30th, Frances Arnold sold 82 shares of Alphabet stock. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98.
- On Tuesday, June 30th, Frances Arnold sold 112 shares of Alphabet stock. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36.
Alphabet Stock Performance
GOOG stock opened at $335.41 on Tuesday. The company has a 50 day moving average price of $347.52 and a 200 day moving average price of $340.20. Alphabet Inc. has a fifty-two week low of $206.96 and a fifty-two week high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.10 trillion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. Analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.
Analysts Set New Price Targets
A number of research analysts have issued reports on GOOG shares. KeyCorp set a $445.00 target price on shares of Alphabet in a research report on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Wedbush assumed coverage on shares of Alphabet in a research note on Thursday, July 16th. They set an "outperform" rating and a $445.00 price target for the company. Morgan Stanley cut their price objective on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $415.55.
View Our Latest Stock Analysis on GOOG
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts remain constructive on Alphabet’s outlook. Citizens analyst Andrew Boone expects the stock to reach a new all-time high over the next year, while recent GOOG targets have a median of $455, well above recent trading levels. Wall Street analyst sets Google price target
- Positive Sentiment: Alphabet’s record cloud growth, Gemini development and expanding AI infrastructure continue to support the bullish case. Investors are debating whether the company’s large AI spending program will produce durable growth, but some analysts view the recent pullback as an opportunity. One Mag 7 stock to watch
- Positive Sentiment: Meta- and Google-backed Jio Platforms received regulatory approval for an Indian IPO, potentially creating value for Alphabet’s investment and increasing visibility into one of its strategic holdings. Jio Platforms receives IPO approval
- Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,700, reducing her position by only 0.43%. The small transaction is unlikely to materially change Alphabet’s investment outlook, though broader insider activity has consisted entirely of sales during the past six months. Alphabet SEC insider filing
- Negative Sentiment: Investors are increasingly concerned that Meta’s AI-powered advertising products could challenge Google Search’s advertising dominance. OpenAI’s reported $1 billion advertising run rate adds to fears that competition for digital-ad budgets is intensifying. Bernstein warns on Meta competition
- Negative Sentiment: Regulatory pressure remains a major overhang. Google avoided a potential European penalty by changing search rules, while a £260 million U.K. app-store settlement adds another direct cost and highlights continuing scrutiny of its business practices. Google changes European search rules
- Negative Sentiment: Alphabet’s aggressive AI capital expenditures are raising concerns about free-cash-flow pressure and future margins, particularly as investors compare its spending strategy with Amazon’s. Alphabet and Amazon AI capital spending
- Negative Sentiment: Google Maps’ decision to display “Lake America” for U.S. users has triggered backlash in Canada, creating reputational and political risk, although the immediate financial impact appears limited. Google Maps Lake America controversy
Hedge Funds Weigh In On Alphabet
Institutional investors have recently modified their holdings of the business. Readystate Asset Management LP bought a new position in Alphabet in the second quarter valued at approximately $45,352,000. Vanguard Group Inc. increased its position in shares of Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares during the period. State Street Corp lifted its position in Alphabet by 0.5% in the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock valued at $58,712,878,000 after acquiring an additional 953,790 shares in the last quarter. Finally, Auto Owners Insurance Co boosted its stake in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. Institutional investors own 27.26% of the company's stock.
About Alphabet
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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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