Alphabet (NASDAQ:GOOG) Director Sells $27,692.22 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 82 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, July 30th, Frances Arnold sold 82 shares of Alphabet stock. The stock was 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 stock was sold at an average price of $351.28, for a total transaction of $39,343.36.

Alphabet Trading Down 2.2%

Alphabet stock traded down $7.47 during trading on Monday, hitting $335.41. The company had a trading volume of 23,154,609 shares, compared to its average volume of 21,026,871. Alphabet Inc. has a 1-year low of $206.96 and a 1-year high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $347.79 and its 200-day simple moving average is $340.08. The stock has a market cap of $4.10 trillion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Hedge Funds Weigh In On Alphabet

Several hedge funds have recently made changes to their positions in GOOG. Alternative Investment Advisors LLC. raised its position in Alphabet by 2.0% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 1,562 shares of the information services provider’s stock valued at $552,000 after purchasing an additional 31 shares during the last quarter. Corient Private Wealth LP increased its position in Alphabet by 15.8% in the 2nd quarter. Corient Private Wealth LP now owns 5,048,951 shares of the information services provider’s stock valued at $1,783,942,000 after acquiring an additional 687,967 shares during the period. Principia Wealth Advisory LLC increased its position in Alphabet by 27.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 409 shares of the information services provider’s stock valued at $145,000 after acquiring an additional 87 shares during the period. Wellington Grp LLC raised its stake in Alphabet by 10.8% during the 2nd quarter. Wellington Grp LLC now owns 15,911 shares of the information services provider’s stock valued at $5,622,000 after acquiring an additional 1,551 shares during the last quarter. Finally, Advus Financial Partners LLC raised its stake in Alphabet by 1.8% during the 2nd quarter. Advus Financial Partners LLC now owns 3,808 shares of the information services provider’s stock valued at $1,345,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Trending Headlines about 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 12 months, while recent analyst targets for the company’s share classes generally imply substantial upside. Wall Street analyst sets Google price target
• Positive Sentiment: Alphabet’s strong cloud growth and expanding AI investments remain important bullish arguments. Investors are debating whether its large capital-expenditure program will strengthen Google Cloud, Search and Gemini, or weigh on free cash flow before the benefits materialize. One Magnificent Seven stock to watch
• Positive Sentiment: Institutional activity was mixed but included sizable second-quarter purchases by JPMorgan, Invesco, Berkshire Hathaway and other large investors, suggesting some long-term buyers view the recent pullback as an opportunity.
• Neutral Sentiment: Alphabet-backed Jio Platforms received regulatory approval for an Indian IPO. The listing could highlight the value of Alphabet’s investment, although the direct near-term earnings effect is unclear. Jio Platforms receives IPO approval
• Neutral Sentiment: Google Maps began displaying “Lake America” instead of “Lake Ontario” for U.S. users following a U.S. government renaming order, triggering backlash in Canada. The reputational impact appears limited but adds negative publicity. Google Maps displays Lake America
• Negative Sentiment: OpenAI’s advertising run rate reportedly reached $1 billion, raising concerns that AI-driven search and advertising competition could erode Google’s dominant position. Bernstein also warned that Meta could surpass Google in search-ad revenue this year. Alphabet and OpenAI advertising growth
• Negative Sentiment: Alphabet agreed to a £260 million U.K. app-store settlement and changed European search practices to avoid a potential fine tied to its market position. The concessions may reduce regulatory risk but could pressure future distribution, advertising or app-store economics. Google UK app-store settlement
• Negative Sentiment: Data also shows repeated open-market insider selling, including sales by CEO Sundar Pichai, adding to investor caution even though such transactions may reflect scheduled compensation plans.

Analysts Set New Price Targets

GOOG has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. HSBC set a $515.00 target price on shares of Alphabet in a research note on Friday, August 14th. UBS Group reissued a “neutral” rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $450.00 price target 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, Alphabet currently has a consensus rating of “Buy” and an average target price of $415.55.

Alphabet Company Profile

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.