Alphabet (NASDAQ:GOOGL) Insider John Kent Walker Sells 8,993 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

John Kent Walker also recently made the following trade(s):

  • On Tuesday, February 17th, John Kent Walker sold 47,574 shares of Alphabet stock. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30.

Alphabet Stock Performance

Shares of GOOGL stock opened at $295.77 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $309.93 and a two-hundred day moving average of $295.97. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The company has a market cap of $3.58 trillion, a P/E ratio of 27.36, a PEG ratio of 1.82 and a beta of 1.12.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Pivotal Research lifted their price objective on shares of Alphabet from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Bank of America lifted their price target on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $367.33.

Check Out Our Latest Report on Alphabet

Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Alphabet during the second quarter worth approximately $21,944,208,000. Berkshire Hathaway Inc acquired a new position in shares of Alphabet during the 3rd quarter valued at $4,338,397,000. Laurel Wealth Advisors LLC increased its position in shares of Alphabet by 17,667.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock valued at $2,686,640,000 after purchasing an additional 15,159,273 shares during the period. Cardano Risk Management B.V. raised its stake in shares of Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock worth $4,546,413,000 after buying an additional 13,004,828 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Company Profile

(Get Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOGL)

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