Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the transaction, the director directly owned 18,621 shares of the company's stock, valued at $6,908,391. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Frances Arnold also recently made the following trade(s):
- On Monday, March 2nd, Frances Arnold sold 112 shares of Alphabet stock. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88.
Alphabet Stock Performance
Shares of NASDAQ:GOOGL opened at $385.69 on Friday. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $386.76. The stock has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.12. The firm has a fifty day simple moving average of $313.72 and a two-hundred day simple moving average of $307.81. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. On average, analysts expect that Alphabet Inc. will post 11.62 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 6.71%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of GOOGL. Strategic Wealth Advisors LLC grew its position in Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares during the last quarter. Symmetry Partners LLC boosted its holdings in shares of Alphabet by 0.4% in the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after acquiring an additional 30 shares during the last quarter. Private Wealth Management Group LLC boosted its holdings in Alphabet by 1.2% during the first quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock worth $730,000 after buying an additional 30 shares in the last quarter. Members Trust Co boosted its holdings in Alphabet by 0.5% during the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after buying an additional 31 shares in the last quarter. Finally, Altfest L J & Co. Inc. boosted its holdings in Alphabet by 0.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a report on Thursday. Sanford C. Bernstein reiterated a "market perform" rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday. Morgan Stanley lifted their price objective on shares of Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday. Rothschild & Co Redburn lifted their price objective on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a report on Thursday. Finally, Guggenheim reiterated a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $397.48.
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Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
- Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
- Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
- Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
- Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
- Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
- Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe
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.
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