Alphabet (NASDAQ:GOOG) CAO Sells $314,001.15 in Stock

Alphabet Inc. (NASDAQ:GOOGGet Free Report) CAO Amie Thuener O’toole sold 933 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $336.55, for a total value of $314,001.15. Following the sale, the chief accounting officer owned 9,916 shares of the company’s stock, valued at approximately $3,337,229.80. This represents a 8.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, December 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $312.30, for a total value of $867,569.40.
  • 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 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.

Alphabet Stock Performance

Shares of GOOG traded down $4.20 during trading hours on Tuesday, reaching $340.70. 25,687,135 shares of the company traded hands, compared to its average volume of 21,174,408. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average price of $321.44 and a 200-day moving average price of $267.95. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The stock has a market capitalization of $4.11 trillion, a P/E ratio of 33.60, a P/E/G ratio of 1.86 and a beta of 1.10.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. State Street Corp boosted its stake in Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock worth $33,511,477,000 after buying an additional 2,428,266 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock worth $19,022,926,000 after acquiring an additional 441,177 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock valued at $9,749,864,000 after buying an additional 2,209,203 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. BNP Paribas Exane initiated coverage on Alphabet in a report on Monday, November 24th. They issued an “outperform” rating for the company. Bank of America boosted their price objective on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Guggenheim reissued a “buy” rating and issued a $375.00 price target on shares of Alphabet in a report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $330.83.

Check Out Our Latest Stock Report on Alphabet

Key Alphabet News

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Alphabet Company Profile

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Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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