Amie Thuener O’toole Sells 2,778 Shares of Alphabet (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Amie Thuener O’toole also recently made the following trade(s):

• On Tuesday, December 2nd, Amie Thuener O’toole sold 954 shares of Alphabet stock. The stock was sold at an average price of $317.00, for a total transaction of $302,418.00.
• On Monday, November 17th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28.
• On Monday, November 17th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $288.26, for a total value of $800,786.28.
• On Monday, November 3rd, Amie Thuener O’toole sold 954 shares of Alphabet stock. The stock was sold at an average price of $282.33, for a total value of $269,342.82.
• On Wednesday, October 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $250.05, for a total value of $694,638.90.
• On Wednesday, October 1st, Amie Thuener O’toole sold 953 shares of Alphabet stock. The stock was sold at an average price of $241.20, for a total value of $229,863.60.

Alphabet Stock Performance

NASDAQ GOOG opened at $303.75 on Friday. The company has a market cap of $3.67 trillion, a P/E ratio of 29.96, a PEG ratio of 1.73 and a beta of 1.07. The company has a fifty day simple moving average of $288.40 and a 200 day simple moving average of $233.60. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $2.12 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 8.28%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cowen restated a “buy” rating on shares of Alphabet in a report on Friday, December 12th. Bank of America raised their price objective on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley upped their target price on shares of Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Barclays increased their target price on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $313.04.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Alphabet by 4.0% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock worth $3,929,000 after acquiring an additional 976 shares during the period. Quantbot Technologies LP increased its holdings in Alphabet by 411.1% in the 1st quarter. Quantbot Technologies LP now owns 13,028 shares of the information services provider’s stock worth $2,035,000 after acquiring an additional 10,479 shares during the last quarter. Maven Securities LTD raised its stake in Alphabet by 167.6% in the 1st quarter. Maven Securities LTD now owns 33,436 shares of the information services provider’s stock valued at $5,224,000 after acquiring an additional 20,939 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc lifted its holdings in Alphabet by 38.1% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,273 shares of the information services provider’s stock valued at $2,074,000 after purchasing an additional 3,665 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Company Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.