Alphabet (NASDAQ:GOOGL) Director Sells $23,288.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) Director Frances Arnold sold 82 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $284.00, for a total value of $23,288.00. Following the transaction, the director directly owned 19,157 shares of the company’s stock, valued at approximately $5,440,588. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, September 30th, Frances Arnold sold 83 shares of Alphabet stock. The shares were sold at an average price of $340.45, for a total value of $28,257.35.
• On Friday, August 28th, Frances Arnold sold 82 shares of Alphabet stock. The stock was sold at an average price of $337.71, for a total value of $27,692.22.

Alphabet Stock Down 1.4%

Shares of NASDAQ GOOGL traded down $3.98 during midday trading on Friday, hitting $279.84. 65,453,789 shares of the company’s stock were exchanged, compared to its average volume of 30,908,804. The firm’s fifty day simple moving average is $339.07 and its 200-day simple moving average is $340.17. The company has a market cap of $3.42 trillion, a PE ratio of 14.81, a P/E/G ratio of 0.83 and a beta of 1.21. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Research analysts predict that Alphabet Inc. will post 20.40 EPS for the current fiscal year.

Hedge Funds Weigh In On Alphabet

A number of hedge funds have recently modified their holdings of the business. EMC Capital Management purchased a new position in shares of Alphabet during the second quarter worth about $35,000. Core Capital Management & Research inc. acquired a new stake in Alphabet during the 2nd quarter worth approximately $41,000. Intelligent Financial Strategies acquired a new stake in Alphabet during the 3rd quarter worth approximately $41,000. Premier Financial Group acquired a new stake in Alphabet during the 2nd quarter worth approximately $45,000. Finally, Graney & King LLC grew its stake in shares of Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOOGL shares. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. Wedbush reduced their price target on shares of Alphabet from $445.00 to $387.00 and set an “outperform” rating for the company in a research report on Thursday. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Evercore reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $410.46.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.