Alphabet Inc. (NASDAQ:GOOG) Insider Sells $1,962,705.76 in Stock

Alphabet Inc. (NASDAQ:GOOG) insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 18th, John Kent Walker sold 17,690 shares of Alphabet stock. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90.
• On Monday, December 30th, John Kent Walker sold 16,820 shares of Alphabet stock. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40.

Alphabet Price Performance

GOOG stock traded down $3.06 during midday trading on Thursday, reaching $164.08. The stock had a trading volume of 21,538,119 shares, compared to its average volume of 17,861,192. Alphabet Inc. has a 52-week low of $148.20 and a 52-week high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $182.96 and its 200 day simple moving average is $178.36. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $209.13.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP acquired a new position in shares of Alphabet during the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. purchased a new position in Alphabet during the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in Alphabet during the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet in the 3rd quarter valued at about $33,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Company Profile

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.