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

On Monday, November 4th, Frances Arnold, a director of Alphabet Inc. (NASDAQ:GOOGL), made the decision to sell 441 shares of the company's stock. The shares were sold at an average price of $171.06 each, resulting in a total transaction value of $75,437.46. After this sale, Arnold now directly owns 16,490 shares of Alphabet, which are worth approximately $2,820,779.40. This sale represents a 0.00% decrease in her ownership of the company's stock. The details of this transaction were filed with the Securities and Exchange Commission (SEC), and the document is accessible for review.

Stock Performance

On the day of the sale, Alphabet's stock experienced a decline of 1.2%, falling by $2.05 to a trading price of $169.24. During that trading session, a total of 20,936,597 shares exchanged hands, which was lower than the stock's average trading volume of 27,219,025 shares. Alphabet Inc. currently holds a market capitalization of $2.08 trillion, with a price-to-earnings (P/E) ratio of 22.45 and a P/E to growth (P/E/G) ratio of 1.23. The company's financial health is reflected in its debt-to-equity ratio of 0.04 and a current ratio of 1.95. Furthermore, Alphabet has seen its stock reach a 52-week low of $127.90 and a high of $191.75, with a 50-day moving average of $162.49 and a 200-day moving average of $169.20.

Recent Earnings Report

Alphabet's recent earnings report, released on October 29th, revealed that the company earned $2.12 per share for the quarter, surpassing the consensus estimate of $1.83 by $0.29. The company reported a net margin of 27.74% and a return on equity of 31.66%. Total revenue for the quarter was $88.27 billion, significantly exceeding analysts' expectations of $72.85 billion. In comparison to the same quarter the previous year, Alphabet improved its earnings per share from $1.55. It is anticipated that Alphabet will report earnings of 7.91 per share for the current fiscal year.

Dividend Announcement

In addition to the stock sale, Alphabet also announced a quarterly dividend, which is scheduled to be paid out on December 16th. Shareholders who are on record as of December 9th will receive a dividend of $0.20 per share. The ex-dividend date is also set for December 9th. Annually, this amounts to a $0.80 dividend, offering a yield of 0.47%. Alphabet's current dividend payout ratio stands at 10.61%.

Analysts Ratings and Predictions

Several analysts have recently shared their insights regarding Alphabet's stock. UBS Group raised its price target for the shares from $200.00 to $204.00 while maintaining a "neutral" rating in a report from July 24th. Tigress Financial adjusted their target from $210.00 to $220.00, giving a "strong-buy" rating on September 26th. On October 29th, Seaport Res Ptn upgraded Alphabet's rating from "hold" to "strong-buy." Piper Sandler reaffirmed their "overweight" rating with a new price target of $210.00, an increase from $200.00. Goldman Sachs recently adjusted their target price from $217.00 to $208.00, designating it as a "buy". Overall, the stock has received a consensus rating of "Moderate Buy" from analysts, with an average price target set at $205.51.

Institutional Investor Activity

Recently, various institutional investors have adjusted their holdings in Alphabet. Jaffetilchin Investment Partners LLC increased its stake by 11.1% during the third quarter, now owning 88,221 shares valued at approximately $14.63 million. Similarly, Core Wealth Partners LLC raised its position by 10.4%, now holding 11,754 shares worth about $1.95 million. GDS Wealth Management boosted its shares by 3.0%, bringing its total to 114,056 valued at nearly $18.92 million. Among other investors, TRU Independence Asset Management acquired a new position in Alphabet worth about $820,000, while Catalytic Wealth RIA LLC increased its holdings by 22.2% over the same period. Currently, institutional investors control about 40.03% of Alphabet’s stock.

Company Overview

Alphabet Inc. is the parent company of Google and other subsidiaries, offering diverse products and platforms globally, across several regions including the United States, Europe, and Asia-Pacific. The company's operations are segmented through Google Services, Google Cloud, and Other Bets. The Google Services segment covers a broad range of services and products, including advertising, the Android operating system, Chrome browsers, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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