Alphabet (NASDAQ:GOOG) Director John Hennessy Sells 1,050 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) Director John Hennessy sold 1,050 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alphabet Stock Performance

Alphabet stock opened at $335.40 on Tuesday. The firm has a market capitalization of $4.06 trillion, a P/E ratio of 31.03, a P/E/G ratio of 2.09 and a beta of 1.13. The stock has a fifty day moving average price of $306.20 and a two-hundred day moving average price of $302.92. Alphabet Inc. has a 52-week low of $148.40 and a 52-week high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. As a group, analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is 7.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GOOG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. TD Cowen restated a “buy” rating and issued a $375.00 target price (up from $365.00) on shares of Alphabet in a research note on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $360.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Eight investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $346.03.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently made changes to their positions in GOOG. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at approximately $38,000. Imprint Wealth LLC bought a new position in Alphabet in the third quarter valued at approximately $31,000. Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth $41,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Alphabet during the 3rd quarter worth $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street bullishness ahead of Google Cloud Next and earnings: analysts have named Alphabet a top pick and one analyst sees meaningful upside tied to Google Cloud and AI momentum, supporting continued investor interest. Read More.
• Positive Sentiment: New AI hardware roadmap: multiple reports and Bloomberg coverage indicate Google will announce a new generation of inference-focused TPUs (custom AI chips), which could improve margins and cloud differentiation if adoption scales. Read More.
• Neutral Sentiment: Reports that Google is in design talks with Marvell for AI chips have surfaced; the news could be strategic (diversifying suppliers) but remains unconfirmed and analysts have disputed the deal’s immediacy, making market impact uncertain. Read More.
• Neutral Sentiment: Tech/ETF pressure: broader tech weakness and pullbacks in major semiconductor and FAAMG names are contributing to Alphabet’s slide as ETFs like QQQ and VTI show tech-heavy drawdowns that weigh on GOOG. Read More.
• Negative Sentiment: Large reported 13F moves raise selling noise: a Quiver Quant filing shows Cardano Risk Management dramatically reduced its reported GOOG/GOOGL positions (~90% cuts), which could create short-term selling pressure (filing/parse caveats apply). Read More.
• Negative Sentiment: Insider selling: Director John L. Hennessy disclosed a sale of 1,050 shares on April 15, a small insider sale that adds to the day’s negative signals for some investors. Read More.

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.