Alphabet (NASDAQ:GOOGL) Director Sells $39,343.36 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frances Arnold also recently made the following trade(s):

• On Friday, May 29th, Frances Arnold sold 102 shares of Alphabet stock. The stock was sold at an average price of $381.00, for a total value of $38,862.00.
• On Thursday, April 30th, Frances Arnold sold 102 shares of Alphabet stock. The shares were sold at an average price of $371.00, for a total value of $37,842.00.

Alphabet Price Performance

GOOGL stock traded up $3.72 during midday trading on Tuesday, reaching $357.37. The stock had a trading volume of 34,026,280 shares, compared to its average volume of 33,007,801. Alphabet Inc. has a 52-week low of $172.77 and a 52-week high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $369.30 and its 200 day simple moving average is $333.27. The company has a market cap of $4.33 trillion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, sell-side analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s entry into the Dow Jones Industrial Average is boosting demand for the stock and highlighting its growing importance in AI and large-cap tech. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Google launched Nano Banana 2 Lite, a faster and cheaper in-house image generator, which could support AI adoption and improve the economics of its creative AI tools. TechCrunch: Google introduces a faster, cheaper image generator with Nano Banana 2 Lite
• Positive Sentiment: Analysts remained constructive, with earnings estimates and bullish stock commentary signaling continued confidence in Alphabet’s growth outlook. Zacks: Is Alphabet (GOOG) a Solid Growth Stock? 3 Reasons to Think Yes
• Positive Sentiment: Alphabet’s stock is benefiting from multiple upbeat Dow-inclusion and target-price updates, including a fresh analyst price target increase to $415. Benzinga: Alphabet Replaces Verizon In Dow Jones As Analyst Boosts Target To 415
• Positive Sentiment: Google Cloud’s AI and public-sector partnerships, along with stablecoin-related collaboration news, add to the view that Alphabet can expand beyond search and ads. PYMNTS: Visa and Google Sign on to Use Money Movement Stablecoin OpenUSD
• Neutral Sentiment: Alphabet continues to attract heavy investor attention, but some articles mainly reflect sentiment and valuation debate rather than a direct business catalyst.
• Neutral Sentiment: Commentary about Alphabet joining the Dow and broader Magnificent Seven rotation underscores its status as a major AI stock, though it does not change fundamentals by itself.
• Negative Sentiment: UK regulators opened a consultation that could force Apple and Google to allow alternative payment paths outside their app stores, threatening a key fee stream. TechXplore: UK targets Apple, Google app store fees for developers
• Negative Sentiment: Reports that Google is losing AI talent to Anthropic and facing questions about compute constraints may raise concerns about long-term AI execution. LA Times: Google hit by new AI brain drain as Anthropic poaches top Gemini talent

Wall Street Analysts Forecast Growth

A number of analysts have commented on GOOGL shares. Mizuho increased their price objective on shares of Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Truist Financial set a $430.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday, May 29th. BNP Paribas Exane upped their price target on Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Wolfe Research reduced their price objective on Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $413.90.

Institutional Trading of Alphabet

Several institutional investors have recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter worth about $32,000. EMC Capital Management purchased a new stake in Alphabet in the 4th quarter valued at about $33,000. PMV Capital Advisers LLC acquired a new position in Alphabet in the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet in the fourth quarter valued at about $38,000. Finally, Bard Associates Inc. purchased a new position in Alphabet during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About Alphabet

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.