Alphabet Inc. (NASDAQ:GOOG) Director Sells $105,000.00 in Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director John L. Hennessy sold 600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director now directly owns 6,813 shares in the company, valued at $1,192,275. The trade was a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alphabet Stock Performance

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NASDAQ GOOG traded down $2.39 on Friday, hitting $169.59. 24,910,508 shares of the stock traded hands, compared to its average volume of 20,062,576. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The business's fifty day moving average is $160.34 and its two-hundred day moving average is $176.63.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter last year, the firm earned $1.89 EPS. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

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The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GOOG. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Scotiabank cut their target price on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. KeyCorp decreased their target price on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Cantor Fitzgerald reissued a "neutral" rating and set a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Finally, Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $203.94.

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Check Out Our Latest Report on Alphabet

Hedge Funds Weigh In On Alphabet

A number of hedge funds have recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. Principia Wealth Advisory LLC increased its position in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of Alphabet during the 1st quarter worth approximately $26,000. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at $38,000. 27.26% of the stock is currently owned by 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.

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