Amie Thuener O’toole Sells 682 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52.
• On Thursday, May 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94.

Alphabet Stock Up 0.4 %

GOOG stock opened at $187.39 on Thursday. Alphabet Inc. has a one year low of $115.83 and a one year high of $187.62. The stock has a market capitalization of $2.32 trillion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a fifty day moving average of $175.47 and a 200-day moving average of $156.57.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter last year, the business earned $1.17 EPS. The business’s revenue was up 15.4% on a year-over-year basis. As a group, analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research report on Friday, June 28th. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $167.86.

Institutional Trading of Alphabet

Hedge funds have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Alphabet by 11.1% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 600 shares of the information services provider’s stock valued at $91,000 after purchasing an additional 60 shares in the last quarter. Strait & Sound Wealth Management LLC increased its holdings in shares of Alphabet by 2.2% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 2,898 shares of the information services provider’s stock valued at $466,000 after purchasing an additional 61 shares in the last quarter. Woodward Diversified Capital LLC increased its holdings in shares of Alphabet by 0.7% in the 1st quarter. Woodward Diversified Capital LLC now owns 8,609 shares of the information services provider’s stock valued at $1,311,000 after purchasing an additional 62 shares in the last quarter. Intergy Private Wealth LLC increased its holdings in shares of Alphabet by 1.9% in the 1st quarter. Intergy Private Wealth LLC now owns 3,393 shares of the information services provider’s stock valued at $517,000 after purchasing an additional 63 shares in the last quarter. Finally, Smith Anglin Financial LLC increased its holdings in shares of Alphabet by 2.0% in the 1st quarter. Smith Anglin Financial LLC now owns 3,223 shares of the information services provider’s stock valued at $491,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

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.