Alphabet (NASDAQ:GOOG) Trading Down 0.2% on Insider Selling

Alphabet Inc. (NASDAQ:GOOG) fell 0.2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $185.38 and last traded at $186.16. 2,188,810 shares were traded during mid-day trading, a decline of 90% from the average session volume of 21,019,246 shares. The stock had previously closed at $186.61.

Specifically, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders sold 146,288 shares of company stock worth $25,345,053 in the last 90 days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.86.

Alphabet Trading Up 0.4 %

The firm has a market capitalization of $2.32 trillion, a PE ratio of 28.74, a PEG ratio of 1.38 and a beta of 1.05. The company’s 50-day moving average price is $175.47 and its 200-day moving average price is $156.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOG. Kennedy Capital Management LLC increased its stake in Alphabet by 13.2% in the third quarter. Kennedy Capital Management LLC now owns 64,711 shares of the information services provider’s stock valued at $8,532,000 after purchasing an additional 7,556 shares during the period. Royal London Asset Management Ltd. increased its stake in Alphabet by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 1,925,955 shares of the information services provider’s stock valued at $253,899,000 after purchasing an additional 51,505 shares during the period. Baker Avenue Asset Management LP increased its stake in Alphabet by 1.4% in the third quarter. Baker Avenue Asset Management LP now owns 24,498 shares of the information services provider’s stock valued at $3,230,000 after purchasing an additional 341 shares during the period. KB Financial Partners LLC increased its stake in Alphabet by 1.1% in the third quarter. KB Financial Partners LLC now owns 12,795 shares of the information services provider’s stock valued at $1,687,000 after purchasing an additional 134 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in Alphabet by 5.4% in the third quarter. Crestwood Advisors Group LLC now owns 359,760 shares of the information services provider’s stock valued at $47,434,000 after purchasing an additional 18,532 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.