Alphabet (NASDAQ:GOOG) CAO Amie Thuener O’toole Sells 954 Shares

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 954 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total value of $302,418.00. Following the transaction, the chief accounting officer directly owned 11,740 shares of the company’s stock, valued at approximately $3,721,580. The trade was a 7.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 stock was sold at an average price of $288.26, for a total transaction 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 transaction of $269,342.82.
• On Wednesday, October 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $250.05, for a total transaction 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 transaction of $229,863.60.
• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00.

Alphabet Price Performance

Shares of NASDAQ GOOG traded up $0.90 during mid-day trading on Tuesday, hitting $316.02. 24,634,482 shares of the stock traded hands, compared to its average volume of 27,009,366. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $328.67. The company has a market cap of $3.81 trillion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The firm has a 50 day simple moving average of $271.07 and a two-hundred day simple moving average of $221.40.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $310.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Finally, Rosenblatt Securities set a $279.00 price objective on Alphabet in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $307.22.

Institutional Investors Weigh In On Alphabet

Several large investors have recently modified their holdings of the company. Standard Investments LLC acquired a new stake in Alphabet during the 3rd quarter worth about $77,936,000. IFP Advisors Inc boosted its position in shares of Alphabet by 9.1% during the 3rd quarter. IFP Advisors Inc now owns 88,785 shares of the information services provider’s stock valued at $21,634,000 after purchasing an additional 7,436 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in Alphabet by 6.1% during the third quarter. Swiss Life Asset Management Ltd now owns 1,597,164 shares of the information services provider’s stock worth $388,989,000 after purchasing an additional 91,217 shares during the period. Innova Wealth Partners grew its stake in Alphabet by 17.6% during the third quarter. Innova Wealth Partners now owns 2,104 shares of the information services provider’s stock worth $512,000 after purchasing an additional 315 shares during the period. Finally, Steadtrust LLC increased its holdings in Alphabet by 10.3% in the third quarter. Steadtrust LLC now owns 14,591 shares of the information services provider’s stock worth $3,554,000 after purchasing an additional 1,366 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

About Alphabet

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.