Alphabet Inc. (NASDAQ:GOOG) Director Sells $22,000.00 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 110 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $200.00, for a total value of $22,000.00. Following the sale, the director now owns 16,819 shares of the company’s stock, valued at approximately $3,363,800. The trade was a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 31st, Frances Arnold sold 111 shares of Alphabet stock. The stock was sold at an average price of $192.49, for a total transaction of $21,366.39.
• On Friday, November 29th, Frances Arnold sold 111 shares of Alphabet stock. The shares were sold at an average price of $169.98, for a total transaction of $18,867.78.
• On Monday, November 4th, Frances Arnold sold 441 shares of Alphabet stock. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46.

Alphabet Trading Up 2.8 %

Shares of GOOG stock traded up $5.45 during mid-day trading on Thursday, hitting $202.63. The company’s stock had a trading volume of 14,381,773 shares, compared to its average volume of 15,965,072. The company has a market cap of $2.48 trillion, a PE ratio of 26.87, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The company’s fifty day simple moving average is $189.03 and its 200-day simple moving average is $175.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in GOOG. Ellis Investment Partners LLC lifted its holdings in shares of Alphabet by 1.4% in the fourth quarter. Ellis Investment Partners LLC now owns 41,694 shares of the information services provider’s stock valued at $7,940,000 after purchasing an additional 575 shares in the last quarter. Next Level Wealth Planning LLC purchased a new position in Alphabet during the 4th quarter worth $225,000. TigerOak Management L.L.C. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $3,793,000. Puff Wealth Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at about $566,000. Finally, Highland Financial Advisors LLC bought a new stake in Alphabet in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Pivotal Research boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.80.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.