Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 2,835 Shares of Stock

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

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 stock was sold at an average price of $160.44, for a total value 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 value 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 Performance

NASDAQ GOOGL opened at $148.66 on Wednesday. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75. The company has a market cap of $1.83 trillion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock’s 50 day simple moving average is $169.44 and its 200-day simple moving average is $164.52.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.54%. Alphabet’s dividend payout ratio is currently 12.27%.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC raised its holdings in Alphabet by 3.6% during the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider’s stock worth $295,000 after purchasing an additional 57 shares in the last quarter. Hengehold Capital Management LLC raised its holdings in Alphabet by 0.8% during the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider’s stock worth $1,316,000 after purchasing an additional 60 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in Alphabet by 1.0% during the first quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider’s stock worth $1,000,000 after purchasing an additional 64 shares in the last quarter. Finally, Sunflower Bank N.A. raised its holdings in Alphabet by 1.0% during the second quarter. Sunflower Bank N.A. now owns 6,309 shares of the information services provider’s stock worth $1,149,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Loop Capital reiterated a “hold” rating and issued a $170.00 price target on shares of Alphabet in a research note on Wednesday, July 3rd. Jefferies Financial Group increased their price target on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Roth Mkm reiterated a “buy” rating and issued a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. increased their price target on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.

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.