John Kent Walker Sells 8,998 Shares of Alphabet (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Alphabet Trading Down 0.4%

NASDAQ GOOGL opened at $359.91 on Friday. Alphabet Inc. has a one year low of $172.77 and a one year high of $408.61. The company’s 50 day moving average price is $370.64 and its 200 day moving average price is $334.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, sell-side analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Wolfe Research lowered their target price on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. CICC Research raised their price target on shares of Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Canaccord Genuity Group lifted their price target on shares of Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $413.54.

Institutional Trading of Alphabet

Institutional investors have recently made changes to their positions in the stock. Silverleafe Capital Partners LLC bought a new stake in Alphabet in the second quarter worth $220,000. Box Hill Private Wealth LLC raised its holdings in Alphabet by 1.4% during the second quarter. Box Hill Private Wealth LLC now owns 4,384 shares of the information services provider’s stock valued at $1,567,000 after buying an additional 62 shares in the last quarter. Diesslin Group Inc. lifted its position in shares of Alphabet by 17.3% in the second quarter. Diesslin Group Inc. now owns 1,260 shares of the information services provider’s stock worth $450,000 after buying an additional 186 shares during the last quarter. Adelphi Trust Co lifted its position in shares of Alphabet by 0.6% in the second quarter. Adelphi Trust Co now owns 15,510 shares of the information services provider’s stock worth $5,543,000 after buying an additional 90 shares during the last quarter. Finally, Trust Co of the South boosted its stake in shares of Alphabet by 18.9% during the 2nd quarter. Trust Co of the South now owns 6,480 shares of the information services provider’s stock worth $2,316,000 after acquiring an additional 1,029 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud is gaining traction in enterprise AI and banking, with new wins like Jack Henry and Intesa Sanpaolo supporting Alphabet’s cloud growth story. GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry: What’s Ahead?
• Positive Sentiment: Analysts and market commentary continue to frame Alphabet as a strong growth and momentum stock, reflecting confidence in earnings and AI-driven upside. Here’s Why Alphabet (GOOGL) is a Strong Momentum Stock
• Positive Sentiment: Google’s disruption of a proxy network used in malware operations supports its security reputation and could modestly lift sentiment around the platform. Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Commentary around AI shopping and agentic commerce suggests Alphabet’s Gemini ecosystem could become a larger long-term growth catalyst. Agentic Shopping Is Coming. These Stocks Will Ride Walmart’s Google AI Bet.
• Neutral Sentiment: Small insider sales by Alphabet executives and directors appear routine and do not by themselves change the stock’s outlook. Alphabet (NASDAQ:GOOGL) Insider John Kent Walker Sells 8,998 Shares
• Negative Sentiment: The EU court upheld a huge Android antitrust fine, extending Alphabet’s regulatory overhang and keeping legal risk in focus. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Swedish court damages in the comparison-shopping case add another sign that regulators are willing to punish Google’s search and shopping practices. Swedish court orders Google pay $1.46 bn for favoring its price comparisons

Alphabet Company Profile

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.