Frances (BCBA:BBARm) Arnold, a director at Alphabet Inc. (NASDAQ:GOOGL), recently sold shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, dated November 29, involved the sale of 111 shares of Alphabet's Class C Capital Stock at a price of $169.98 per share, totaling approximately $18,867. The sale represents a minimal portion of Alphabet's $2.1 trillion market capitalization, with the stock currently trading at $171.49.
Following this transaction, Arnold holds a direct ownership of 16,599 shares. The sale was conducted under a Rule 10b5-1 Trading Plan, which allows insiders to set up a predetermined plan to sell company stock in accordance with insider trading laws. According to InvestingPro data, Alphabet maintains excellent financial health with a "GREAT" overall score, supported by strong profitability metrics and robust cash flows.
Additionally, Arnold maintains holdings in Class C Google Stock Units, with post-transaction ownership of 421, 1,243, 1,839, and 1,752 shares in various units, as noted in the filing. These stock units vest over time, subject to continued service on the board. With a P/E ratio of 22.7 and last twelve months revenue of $339.86B, Alphabet continues to demonstrate strong market performance. For deeper insights into Alphabet's valuation and growth prospects, access the comprehensive research report available on InvestingPro.
In other recent news, Alphabet Inc. has been the subject of various analyst assessments. UBS has sustained a Neutral rating on Alphabet's stock due to the Department of Justice's submission of its Initial Proposed Final Judgment, which could potentially impact Google's dominance in the search market. However, substantial changes to Google's business model are not expected until legal proceedings are resolved. In contrast, Loop Capital has increased Alphabet's price target while maintaining a Hold rating, based on projections for 2026. The firm acknowledged Alphabet's prudent spending and stock repurchase efforts amidst longer-term uncertainty.
BMO Capital Markets has also raised its stock price target for Alphabet, reflecting the company's robust performance in key business areas such as cloud revenue and search monetization. In addition, Piper Sandler increased Alphabet's price target following the company's strong third-quarter earnings, which were driven by the strength of the company's cloud business and YouTube advertising sales. Lastly, Cantor Fitzgerald maintained a Neutral rating on Alphabet's stock, citing potential risks associated with antitrust litigation and AI-related challenges.
These recent developments provide investors with a comprehensive perspective on Alphabet's performance and potential growth areas, from cloud and search to YouTube and AI advancements. The company's ongoing legal challenges and potential regulatory risks are also important factors for investors to consider.
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