Frances (BCBA:) Arnold, director at Alphabet Inc. (NASDAQ:), recently sold 111 shares of the company’s Class C capital stock. The transaction, which occurred on December 31, 2024, was executed at a price of $192.49 per share, for a total sale value of $21,366. The selloff came as Alphabet traded near a 52-week high of $201.42, with the stock earning a strong “Buy” consensus from analysts with a potential upside of 12%. According to InvestingProAlphabet maintains an “EXCELLENT” financial health rating, reflecting its strong market position with a market capitalization of $2.31 trillion. Following this sale, Arnold holds 16,709 shares of Class C Capital Stock. The transaction was executed under a Rule 10b5-1 trading plan, adopted by Arnold on July 26, 2024. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed insider trading patterns and 12+ additional key insights on Alphabet’s financial performance.
In other recent news, Alphabet Inc. experienced some significant developments. The company’s stock rating was downgraded from Market Outperform to Market Perform by JMP Securities due to possible antitrust penalties that could affect Google’s search distribution and search revenue in the US. – competitive practices.
At the same time, RBC Capital maintained an Outperform rating on Alphabet and raised its price target on the stock, reflecting confidence in Alphabet’s continued introduction of artificial intelligence (AI) products and its leadership in the technology. Alphabet plans to introduce AI Mode to its search engine, potentially increasing the user base of its Gemini AI chatbot.
Apple (NASDAQ: ) has expressed interest in participating in Google’s upcoming US antitrust lawsuit involving online search. This comes as Alphabet anticipates potential fines from a federal judge after it was found to be an illegal monopoly.
Finally, Alphabet is preparing for new US regulations that would designate tech companies, including Alphabet’s Google, as global gatekeepers for the distribution of AI chips. These recent developments underscore Alphabet’s ongoing efforts to adapt and innovate in a rapidly changing regulatory and technological landscape.
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