John Kent Walker, President of Global Affairs and Chief Legal Officer at Alphabet Inc. (NASDAQ:), recently sold shares of the company’s Class C Capital Stock. According to a filing with the Securities and Exchange Commission, Walker sold 11,764 shares on March 27, 2025, at an average price of $166.84 per share, totaling approximately $1.96 million. The transaction comes as Alphabet, currently valued at $1.98 trillion, trades below its InvestingPro Fair Value, with analysts setting price targets ranging from $184 to $240.
Following this transaction, Walker holds 49,037 shares indirectly through the Arete Trust, which he manages alongside Diana Ruth Walsh. This sale was executed under a pre-established Rule 10b5-1 trading plan, which Walker adopted on May 29, 2024. The company maintains excellent financial health, earning a “GREAT” rating from InvestingPro, with robust profitability metrics and strong cash flow generation.
In addition to the sale, Walker reported several transactions related to the vesting of Google Stock Units (GSUs), which resulted in the acquisition and subsequent withholding of shares to cover tax obligations. These transactions, however, did not involve any cash exchange. For deeper insights into Alphabet’s valuation, executive transactions, and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.
In other recent news, Lockheed Martin (NYSE:) has partnered with Google Public Sector to integrate advanced generative artificial intelligence into its AI Factory ecosystem. This collaboration is set to enhance Lockheed Martin’s capabilities in training, deploying, and maintaining AI models for critical applications in national security and aerospace. Meanwhile, YouTube, a subsidiary of Alphabet, announced an update to its view-counting methodology for YouTube Shorts, aligning it with metrics used by TikTok and Instagram Reels. This change, effective March 31, 2025, aims to provide creators with more accurate performance insights without affecting their earnings.
UBS has revised its digital advertising growth forecast down to 4.5% from the previous 9%, citing a shift in budget allocations among advertisers in sectors like retail and travel. Cantor Fitzgerald maintained its Overweight rating on Alphabet, with a $200 price target, despite highlighting potential risks from ongoing legal challenges and uncertain returns on AI investments. Lastly, Alphabet’s Waymo announced plans to launch a fully autonomous ride-hailing service in Washington, D.C., aiming to begin operations in 2026, pending the establishment of a legal framework for autonomous vehicles.
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