Alphabet Inc. (NASDAQ:GOOG) CAO Sells $429,587.55 in Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08.
• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was 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 value of $125,126.54.

Alphabet Stock Up 2.2 %

GOOG opened at $155.54 on Friday. The business’s fifty day simple moving average is $169.73 and its 200 day simple moving average is $165.83. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The firm has a market cap of $1.92 trillion, a P/E ratio of 23.86, a PEG ratio of 1.13 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GOOG shares. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. DA Davidson upgraded shares of Alphabet to a “hold” rating in a research report on Tuesday. 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 report on Friday, June 28th. TD Cowen boosted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.86.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently made changes to their positions in the business. Partnership Wealth Management LLC purchased a new stake in Alphabet in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $34,000. Abich Financial Wealth Management LLC grew its holdings in Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 184 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Alphabet during the second quarter worth approximately $37,000. Finally, HWG Holdings LP acquired a new position in Alphabet during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Company Profile

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.