Frances Arnold Sells 441 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

On November 4th, Frances Arnold, a director at Alphabet Inc. (NASDAQ:GOOGL - Get Free Report), executed a transaction in which she sold 441 shares of the company's stock. The shares were sold at an average price of $171.06, leading to a total transaction value of $75,437.46. Post-sale, Arnold holds 16,490 shares, valued at approximately $2,820,779.40. This sale reflects a 0.00% decrease in her ownership stake in the company. Details of this transaction have been made available in a legal filing submitted to the Securities and Exchange Commission (SEC).

Alphabet's Stock Performance

On the same day, Alphabet's stock saw a decline of 1.2%, trading down by $2.05 to reach a price of $169.24. A total of 20,936,597 shares exchanged hands, below the average volume of 27,219,025 shares. Key financial ratios indicate that Alphabet has a debt-to-equity ratio of 0.04, a current ratio of 1.95, and a quick ratio of 2.08. Over the past year, the stock's lowest price stood at $127.90, while its highest price was $191.75. The firm's 50-day and 200-day moving averages are currently $162.49 and $169.20, respectively. With a market capitalization of $2.08 trillion, Alphabet’s price-to-earnings (PE) ratio is 22.45, accompanied by a P/E growth ratio of 1.23 and a beta of 1.03.

Recent Earnings Results

On October 29th, Alphabet released its latest quarterly earnings, reporting earnings per share of $2.12. This figure surpassed analysts' expectations of $1.83 by $0.29. The company achieved a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue for the quarter reached $88.27 billion, significantly outpacing the forecast of $72.85 billion. In comparison, the same quarter last year saw earnings per share of $1.55. Analysts are projecting an annual earnings per share figure of 7.91 for Alphabet.

Dividend Information

Alphabet recently announced a new quarterly dividend, set to be paid on December 16th. Shareholders recorded as of December 9th will receive a dividend of $0.20 per share. The ex-dividend date for this distribution is also December 9th, which translates to an annualized dividend of $0.80, yielding 0.47%. The company’s current dividend payout ratio stands at 10.61%.

Analyst Ratings and Price Targets

Various research analysts have recently expressed their views on GOOGL stocks. UBS Group has raised its price target from $200.00 to $204.00, maintaining a "neutral" rating. Tigress Financial increased its target from $210.00 to $220.00, giving it a "strong-buy" rating. Seaport Res Ptn upgraded the stock from a "hold" to a "strong-buy" rating after the latest earnings announcement. Piper Sandler reiterated an "overweight" rating, with a target price set to $210.00. Goldman Sachs lowered its target from $217.00 to $208.00 but still assigned a "buy" rating. Currently, there are seven analysts with hold ratings, thirty-one with buy ratings, and four who consider it a strong buy, resulting in a consensus rating of "Moderate Buy" with a target price of $205.51 according to MarketBeat research.

Institutional Holdings

Several hedge funds have adjusted their positions in GOOGL. For instance, Jaffetilchin Investment Partners LLC increased its stake by 11.1%. Core Wealth Partners LLC and GDS Wealth Management also raised their positions by 10.4% and 3.0%, respectively. In total, institutional investors hold around 40.03% of Alphabet's stock.

About Alphabet Inc.

Alphabet Inc. is a global company providing a broad range of products and services via different platforms. The organization operates through segments including Google Services, Google Cloud, and Other Bets, offering services like advertising, Android, Chrome, Gmail, Google Drive, YouTube, and more across various regions including the United States, Europe, Asia-Pacific, and beyond.

Alphabet, Stock, Earnings