Alphabet Inc. (NASDAQ:GOOGL) Insider Sells $2,780,226.94 in Stock

Alphabet Inc. (NASDAQ:GOOGL) insider John Kent Walker sold 16,802 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the sale, the insider now owns 43,999 shares of the company’s stock, valued at approximately $7,280,514.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

John Kent Walker also recently made the following trade(s):

• On Tuesday, September 3rd, John Kent Walker sold 21,467 shares of Alphabet stock. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45.

Alphabet Price Performance

Alphabet stock opened at $166.99 on Wednesday. The company has a market capitalization of $2.06 trillion, a PE ratio of 25.61, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $162.22 and a two-hundred day moving average price of $167.02. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same quarter last year, the business earned $1.44 EPS. Analysts expect that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio is 12.27%.

Institutional Trading of Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc raised its holdings in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new position in Alphabet during the second quarter worth $36,000. Tributary Capital Management LLC acquired a new position in Alphabet in the first quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the fourth quarter valued at $30,000. Finally, Denver PWM LLC acquired a new stake in Alphabet during the 2nd quarter worth about $41,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. JMP Securities restated a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, September 25th. Truist Financial restated a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research note on Monday, September 16th. Evercore ISI lowered their price objective on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Argus boosted their target price on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, DA Davidson assumed coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.35.

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.