Alphabet (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 954 Shares of Stock

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

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 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 stock was 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 shares were sold at an average price of $241.20, for a total value of $229,863.60.
• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $245.00, for a total value of $680,610.00.

Alphabet Stock Up 0.3%

Alphabet stock opened at $315.81 on Wednesday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $328.83. The stock has a fifty day simple moving average of $271.77 and a two-hundred day simple moving average of $221.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.81 trillion, a price-to-earnings ratio of 31.15, a PEG ratio of 1.82 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Mizuho set a $325.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Roth Capital boosted their target price on shares of Alphabet from $210.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Piper Sandler reissued an “overweight” rating and set a $330.00 price target (up from $285.00) on shares of Alphabet in a report on Thursday, October 30th. Daiwa Capital Markets lifted their price objective on Alphabet from $233.00 to $333.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, KeyCorp reiterated an “overweight” rating and set a $300.00 price objective (up previously from $265.00) on shares of Alphabet in a research report on Monday, October 27th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $312.06.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently bought and sold shares of the stock. Financial Gravity Companies Inc. purchased a new stake in Alphabet in the 2nd quarter worth approximately $31,000. NBZ Investment Advisors LLC lifted its holdings in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Alphabet in the third quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet in the third quarter worth approximately $53,000. Finally, Corsicana & Co. purchased a new stake in shares of Alphabet in the third quarter worth $54,000. 40.03% of the stock is owned by institutional investors.

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.