Insider Selling: Alphabet (NASDAQ:GOOGL) Major Shareholder Sells 87,475 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

  • On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Alphabet Trading Up 0.0%

Shares of NASDAQ:GOOGL traded up $0.16 during trading hours on Monday, hitting $396.94. 26,758,409 shares of the company’s stock traded hands, compared to its average volume of 31,664,449. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The business has a fifty day moving average price of $329.30 and a 200-day moving average price of $317.61. The firm has a market capitalization of $4.81 trillion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.41%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. Moffett Nathanson upped their price target on shares of Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, April 30th. Truist Financial increased their price objective on shares of Alphabet from $385.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC raised their price target on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $411.23.

Check Out Our Latest Stock Report on Alphabet

Trending Headlines about Alphabet

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Institutional Investors Weigh In On Alphabet

Institutional investors have recently made changes to their positions in the stock. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $33,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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

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