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

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 2,778 shares of the business’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 completion of the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $302,418.00.
• On Monday, November 17th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was 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 shares were 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 Price Performance

GOOGL opened at $302.46 on Friday. The company’s 50-day simple moving average is $287.77 and its two-hundred day simple moving average is $232.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $3.65 trillion, a P/E ratio of 29.83, a P/E/G ratio of 1.72 and a beta of 1.07. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $328.83.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion during 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%. As a group, analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced 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 currently 8.28%.

Hedge Funds Weigh In On Alphabet

Large investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in Alphabet during the second quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet during the third quarter worth about $53,000. iSAM Funds UK Ltd bought a new stake in Alphabet during the 3rd quarter valued at approximately $53,000. Finally, Corsicana & Co. purchased a new position in Alphabet in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup restated a “buy” rating and issued a $343.00 price target (up from $280.00) on shares of Alphabet in a research note on Thursday, October 30th. Wedbush reissued an “outperform” rating and issued a $320.00 target price (up from $245.00) on shares of Alphabet in a research report on Thursday, October 30th. The Goldman Sachs Group increased their price objective on shares of Alphabet from $288.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $333.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Finally, Mizuho set a $325.00 target price on shares of Alphabet in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $315.18.

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.