Director of Alphabet Inc. Sells Shares

On Thursday, March 13th, John L. Hennessy, a director at Alphabet Inc. (NASDAQ:GOOGL), sold 200 shares of the company's stock. The shares were sold at an average price of $165.53, totaling $33,106.00 from the transaction. After this sale, Hennessy now directly holds 7,813 shares, valued at approximately $1,293,285.89. The sale reflects a 2.50% decrease in his overall position with the company. This transaction has been officially reported in a filing with the Securities and Exchange Commission (SEC).

Stock Performance

During mid-day trading on Thursday, shares of Alphabet slipped by $4.35, reaching a price of $162.76. The company's trading volume was around 31,703,989 shares, slightly above its average volume of 30,122,760. Currently, Alphabet holds a market capitalization of $1.98 trillion, with a price-to-earnings (P/E) ratio of 20.22, a price-to-earnings-growth (PEG) ratio of 1.34, and a beta of 1.02. The company’s current ratio stands at 1.84, alongside a quick ratio of 1.84 and a notably low debt-to-equity ratio of 0.03. As for its moving averages, the 50-day average is $186.76, while the 200-day average is $176.48. Alphabet's stock has recorded a 52-week low of $140.03 and a high of $207.05.

Quarterly Earnings Report

On February 4th, Alphabet reported its quarterly earnings, revealing earnings per share (EPS) of $2.15, surpassing analysts' expectations of $2.12 by $0.03. The company achieved a net margin of 28.60% and a return on equity of 32.49%. Analysts forecast that Alphabet will register earnings of 8.9 EPS this year.

Recent Dividend Announcement

Alphabet has recently announced a quarterly dividend to be paid on Monday, March 17th, to shareholders recorded on March 10th. Shareholders will receive a dividend of $0.20 per share, which translates to an annualized dividend of $0.80 and a yield of 0.49%. The company's payout ratio is approximately 9.94%.

Institutional Investments in Alphabet

Recent changes from institutional investors include new stakes, such as Compass Planning Associates Inc. acquiring a stake worth $30,000 in the fourth quarter. Additionally, LMR Partners LLP took a new position valued at $32,000 during the third quarter. Other notable activities include E Fund Management Hong Kong Co. Ltd., which increased its position by 518.8% last quarter, and Fiduciary Advisors Inc., which acquired $39,000 worth of shares. Institutional and hedge funds collectively hold 40.03% of Alphabet's stocks.

Analyst Ratings and Market Sentiments

Analysts have provided various ratings for Alphabet's stock in recent days, with Wells Fargo & Company raising their target price from $187.00 to $190.00 while maintaining an Alphabet, Shares, Transaction, Earnings, Dividend, Investments, Analysts