Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 682 Shares

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00.
• On Tuesday, July 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54.

Alphabet Stock Performance

Alphabet stock opened at $156.45 on Thursday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The stock’s 50 day simple moving average is $172.04 and its two-hundred day simple moving average is $164.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.22 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the company posted $1.44 earnings per share. As a group, analysts expect that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is 12.27%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GOOGL. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet during the fourth quarter valued at $30,000. Tributary Capital Management LLC bought a new position in shares of Alphabet during the first quarter valued at $30,000. Kings Path Partners LLC purchased a new position in shares of Alphabet in the 2nd quarter worth about $36,000. Finally, DiNuzzo Private Wealth Inc. bought a new position in Alphabet in the 4th quarter worth about $38,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Wolfe Research assumed coverage on Alphabet in a report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective on the stock. Mizuho upped their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research note on Tuesday, July 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $206.00 price objective on shares of Alphabet in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.17.

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.