Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 42 Shares

Alphabet Inc. (NASDAQ:GOOGLGet Rating) CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the sale, the chief accounting officer now owns 1,170 shares in the company, valued at $2,732,301. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

GOOGL stock opened at $2,445.22 on Thursday. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.09 and a beta of 1.13. Alphabet Inc. has a 12 month low of $2,193.62 and a 12 month high of $3,030.93. The firm has a 50 day moving average of $2,621.79 and a two-hundred day moving average of $2,758.89.

Shares of Alphabet are set to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, April 26th. The information services provider reported $24.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the prior year, the company earned $26.29 earnings per share. On average, research analysts expect that Alphabet Inc. will post 112.62 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sonata Capital Group Inc. grew its stake in shares of Alphabet by 2.5% in the third quarter. Sonata Capital Group Inc. now owns 162 shares of the information services provider’s stock valued at $433,000 after acquiring an additional 4 shares in the last quarter. Oxbow Advisors LLC lifted its position in Alphabet by 0.7% during the third quarter. Oxbow Advisors LLC now owns 588 shares of the information services provider’s stock worth $1,572,000 after purchasing an additional 4 shares during the period. Wagner Wealth Management LLC lifted its position in Alphabet by 4.5% during the third quarter. Wagner Wealth Management LLC now owns 92 shares of the information services provider’s stock worth $272,000 after purchasing an additional 4 shares during the period. Boltwood Capital Management lifted its position in Alphabet by 0.3% during the fourth quarter. Boltwood Capital Management now owns 1,333 shares of the information services provider’s stock worth $3,862,000 after purchasing an additional 4 shares during the period. Finally, Latitude Advisors LLC lifted its position in Alphabet by 0.4% during the fourth quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock worth $3,210,000 after purchasing an additional 4 shares during the period. 41.70% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on GOOGL. Susquehanna Bancshares boosted their target price on shares of Alphabet from $3,600.00 to $3,750.00 and gave the stock a “positive” rating in a report on Wednesday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $3,250.00 to $3,450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 2nd. Susquehanna boosted their target price on shares of Alphabet from $3,600.00 to $3,750.00 and gave the stock a “positive” rating in a report on Wednesday, February 2nd. Royal Bank of Canada boosted their target price on shares of Alphabet from $3,400.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Wednesday, February 2nd. Finally, Morgan Stanley dropped their target price on shares of Alphabet from $3,450.00 to $3,270.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $3,314.08.

About Alphabet (Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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