Insider Selling: Alphabet (NASDAQ:GOOG) Director Sells $39,343.36 in Stock

Alphabet Inc. (NASDAQ:GOOG) Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 29th, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $381.00, for a total value of $38,862.00.
• On Thursday, April 30th, Frances Arnold sold 102 shares of Alphabet stock. The stock was sold at an average price of $371.00, for a total value of $37,842.00.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $356.18 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $173.88 and a 1-year high of $404.47. The stock has a market capitalization of $4.32 trillion, a P/E ratio of 27.17, a P/E/G ratio of 1.53 and a beta of 1.23. The business has a 50-day moving average price of $367.94 and a two-hundred day moving average price of $333.16.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 EPS. Equities analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Institutional Trading of Alphabet

A number of large investors have recently made changes to their positions in GOOG. Brighton Jones LLC increased its holdings in shares of Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Alphabet by 76.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after purchasing an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at approximately $658,000. Financial Advisors Network Inc. grew its position in shares of Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. increased its stake in Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $6,618,000 after purchasing an additional 3,616 shares in the last quarter. 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: Alphabet’s core AI and cloud story remains strong, with new commentary pointing to continued enterprise adoption, including Google Cloud’s expanding role in financial services and other large customers. Reuters: Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Several market updates remain bullish on Alphabet’s growth profile, highlighting strong earnings momentum, AI infrastructure investment, and favorable analyst sentiment with multiple buy ratings and elevated price targets.
• Positive Sentiment: Google Cloud is gaining traction in enterprise AI, including a new deal with Jack Henry, which supports the view that Alphabet can keep growing beyond search and advertising. Zacks: GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry
• Neutral Sentiment: Alphabet exceeded its $1 billion Africa investment target, a strategically positive move for long-term expansion but not likely a near-term earnings driver. Reuters: Google has exceeded $1 billion Africa investment target
• Negative Sentiment: The biggest drag on GOOG today is the EU antitrust setback, which could keep regulators focused on Alphabet’s search, Android, and shopping businesses. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Investors are also watching Alphabet’s heavy AI capex and compute constraints, which could pressure margins if spending stays elevated. Yahoo Finance: Alphabet Is Limiting Gemini AI Access As Cloud Capacity Tightens
• Negative Sentiment: Recent insider selling by Alphabet executives, while modest, may add a little caution to sentiment. SEC filing: Alphabet insider transaction

Analysts Set New Price Targets

GOOG has been the topic of several recent research reports. Needham & Company LLC set a $400.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. Stifel Nicolaus set a $420.00 target price on Alphabet in a report on Wednesday, May 20th. Finally, Wells Fargo & Company set a $416.00 target price on Alphabet in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $376.19.

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.