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 company’s stock in a transaction on 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 transaction, the insider now owns 43,999 shares of the company’s stock, valued at $7,280,514.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45.

Alphabet Stock Up 1.2 %

Shares of NASDAQ GOOGL traded up $1.90 during mid-day trading on Monday, reaching $165.85. The company had a trading volume of 20,414,426 shares, compared to its average volume of 27,523,441. The firm has a 50 day simple moving average of $162.83 and a two-hundred day simple moving average of $166.68. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. 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 market cap of $2.05 trillion, a P/E ratio of 25.23, a PEG ratio of 1.21 and a beta of 1.04.

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, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same quarter last year, the company posted $1.44 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOGL has been the topic of a number of research reports. Royal Bank of Canada raised their price target on shares of Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their target price on Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target on shares of Alphabet in a research report on Monday. Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Evercore ISI decreased their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.35.

Institutional Investors Weigh In On Alphabet

Several large investors have recently modified their holdings of GOOGL. Nebula Research & Development LLC purchased a new stake in Alphabet during the 4th quarter valued at approximately $787,000. New Hampshire Trust lifted its holdings in shares of Alphabet by 2.7% during the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider’s stock worth $7,963,000 after purchasing an additional 1,132 shares during the period. Berkshire Money Management Inc. acquired a new stake in shares of Alphabet during the first quarter worth $359,000. Schneider Downs Wealth Management Advisors LP grew its position in Alphabet by 58.4% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider’s stock valued at $962,000 after buying an additional 2,351 shares during the last quarter. Finally, American International Group Inc. increased its stake in Alphabet by 11.5% in the 4th quarter. American International Group Inc. now owns 1,951,860 shares of the information services provider’s stock valued at $272,655,000 after buying an additional 200,891 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

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.