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

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

Alphabet Stock Performance

Shares of GOOG stock opened at $303.00 on Thursday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $328.67. The company has a market capitalization of $3.66 trillion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.78 and a beta of 1.07. The company has a 50-day simple moving average of $287.17 and a 200 day simple moving average of $233.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

Institutional Trading of Alphabet

Several hedge funds have recently modified their holdings of GOOG. AIA Group Ltd increased its stake in Alphabet by 23.9% in the third quarter. AIA Group Ltd now owns 137,235 shares of the information services provider’s stock valued at $33,424,000 after purchasing an additional 26,450 shares in the last quarter. Alternative Investment Advisors LLC. lifted its holdings in shares of Alphabet by 10.7% in the 3rd quarter. Alternative Investment Advisors LLC. now owns 1,472 shares of the information services provider’s stock worth $358,000 after purchasing an additional 142 shares in the last quarter. Keel Point LLC increased its stake in Alphabet by 1.7% during the 3rd quarter. Keel Point LLC now owns 33,012 shares of the information services provider’s stock valued at $8,040,000 after purchasing an additional 561 shares in the last quarter. Mirabella Financial Services LLP increased its stake in Alphabet by 22.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 14,400 shares of the information services provider’s stock valued at $3,507,000 after buying an additional 2,600 shares during the last quarter. Finally, Farmers National Bank lifted its position in shares of Alphabet by 11.1% during the 3rd quarter. Farmers National Bank now owns 45,029 shares of the information services provider’s stock worth $10,967,000 after buying an additional 4,490 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOG shares. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. KeyCorp reiterated an “overweight” rating and set a $330.00 price target on shares of Alphabet in a report on Thursday, October 30th. TD Cowen raised their price objective on shares of Alphabet from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Raymond James Financial set a $275.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a report on Friday, October 24th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $313.04.

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.