Alphabet Inc. (NASDAQ:GOOG) Insider John Kent Walker Sells 16,820 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alphabet Trading Up 0.1 %

Shares of NASDAQ:GOOG opened at $190.63 on Friday. The business’s 50-day moving average is $180.72 and its 200 day moving average is $173.79. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The firm has a market capitalization of $2.33 trillion, a P/E ratio of 25.28, a P/E/G ratio of 1.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on Alphabet in a research report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 target price for the company. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company lifted their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Weiss Asset Management LP acquired a new position in Alphabet during the 3rd quarter valued at about $25,000. Abich Financial Wealth Management LLC grew its stake in Alphabet by 9,200.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 184 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet during the 3rd quarter valued at about $33,000. HWG Holdings LP purchased a new stake in Alphabet during the 2nd quarter valued at about $40,000. Finally, Slocum Gordon & Co LLP purchased a new stake in Alphabet during the 2nd quarter valued at about $44,000. 27.26% of the stock is owned by institutional investors and hedge funds.

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.