Alphabet Inc. (NASDAQ:GOOG) Insider John Kent Walker Sells 16,802 Shares

by · The Cerbat Gem

Alphabet Inc. (NASDAQ:GOOG – Get Free Report) insider John Kent Walker sold 16,802 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the transaction, the insider now owns 43,999 shares of the company’s stock, valued at $7,280,514.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, September 3rd, John Kent Walker sold 21,467 shares of Alphabet stock. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45.

Alphabet Stock Performance

Shares of Alphabet stock opened at $167.31 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.21 and a beta of 1.04. The company’s fifty day moving average is $163.57 and its 200 day moving average is $168.50.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Alphabet’s revenue for the quarter was up 13.6% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Institutional Trading of Alphabet

Institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in Alphabet during the fourth quarter valued at $34,000. Abich Financial Wealth Management LLC boosted its position in Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 184 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Alphabet during the second quarter valued at $37,000. HWG Holdings LP bought a new stake in Alphabet during the second quarter valued at $40,000. Finally, Slocum Gordon & Co LLP acquired a new position in shares of Alphabet during the second quarter valued at about $44,000. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer lowered their price objective on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Pivotal Research began coverage on shares of Alphabet in a research note on Tuesday. They set a “buy” rating and a $215.00 target price on the stock. Finally, TD Cowen boosted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.75.

Read Our Latest Stock Report on GOOG

About Alphabet

(Get Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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