Amie Thuener O’toole Sells 1,368 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 16th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70.
• On Monday, December 2nd, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The stock was sold at an average price of $170.41, for a total value of $232,950.47.
• On Friday, November 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $171.42, for a total value of $234,331.14.
• On Tuesday, October 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The shares were sold at an average price of $167.23, for a total value of $473,929.82.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $193.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The firm has a market capitalization of $2.36 trillion, a PE ratio of 25.61, a P/E/G ratio of 1.34 and a beta of 0.99. The business’s 50 day moving average price is $181.77 and its 200-day moving average price is $174.00.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOOG. Heritage Family Offices LLP acquired a new stake in shares of Alphabet in the 2nd quarter worth $227,000. Elevated Capital Advisors LLC increased its position in Alphabet by 6.7% during the second quarter. Elevated Capital Advisors LLC now owns 16,509 shares of the information services provider’s stock worth $3,028,000 after purchasing an additional 1,039 shares during the last quarter. FFT Wealth Management LLC increased its position in Alphabet by 1.0% during the second quarter. FFT Wealth Management LLC now owns 23,300 shares of the information services provider’s stock worth $4,274,000 after purchasing an additional 239 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in Alphabet by 0.3% during the second quarter. Crestwood Advisors Group LLC now owns 370,359 shares of the information services provider’s stock worth $67,933,000 after purchasing an additional 1,004 shares during the period. Finally, PrairieView Partners LLC boosted its holdings in Alphabet by 40.9% in the 2nd quarter. PrairieView Partners LLC now owns 7,482 shares of the information services provider’s stock valued at $1,372,000 after purchasing an additional 2,171 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent research reports. Barclays raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. UBS Group boosted their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $200.56.

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.