Key Points
- Insider sale: Alphabet executive John Kent Walker sold 8,993 shares on March 27 at an average $275.89 for about $2.48M, cutting his ownership by 14.79% (he also sold 47,574 shares on Feb. 17 at $301.45).
- Analysts remain broadly constructive—several firms raised price targets (Mizuho to $410, Citi to $390) and the consensus target is $367.33—citing AI and Google Cloud monetization as the primary growth drivers.
- Key risks noted include concerns that heavy AI capex could push free cash flow toward zero next year and increasing EU/regulatory scrutiny of search and AI video recommendations.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) insider John Kent Walker sold 8,993 shares of the business's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
John Kent Walker also recently made the following trade(s):
- On Tuesday, February 17th, John Kent Walker sold 47,574 shares of Alphabet stock. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30.
Alphabet Stock Performance
Shares of GOOGL opened at $295.77 on Friday. The firm's 50 day moving average is $309.93 and its 200-day moving average is $295.97. The stock has a market capitalization of $3.58 trillion, a P/E ratio of 27.36, a P/E/G ratio of 1.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio is 7.77%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. State Street Corp lifted its position in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the second quarter worth approximately $21,944,208,000. Finally, Bank of America Corp DE grew its position in Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock valued at $21,630,861,000 after purchasing an additional 3,218,852 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on GOOGL shares. Mizuho lifted their target price on Alphabet from $400.00 to $410.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Citigroup increased their price target on Alphabet from $350.00 to $390.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Rosenblatt Securities lifted their price target on Alphabet from $279.00 to $357.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Daiwa Securities Group boosted their price objective on Alphabet from $333.00 to $380.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Alphabet from $370.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $367.33.
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More Alphabet News
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About Alphabet
(
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Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
Further Reading
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