Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $550,702.88 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 2nd, Amie Thuener O’toole sold 1,368 shares of Alphabet stock. The shares were sold at an average price of $191.55, for a total value of $262,040.40.
• On Monday, December 16th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was 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 shares were sold at an average price of $170.41, for a total transaction 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 transaction of $234,331.14.

Alphabet Stock Up 1.6 %

Shares of NASDAQ GOOGL opened at $196.00 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $184.08 and its two-hundred day moving average is $173.33. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Research analysts predict that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. LMR Partners LLP purchased a new stake in shares of Alphabet during the 3rd quarter worth $32,000. Denver PWM LLC purchased a new stake in Alphabet during the 2nd quarter worth about $41,000. Quarry LP acquired a new position in shares of Alphabet during the 2nd quarter worth about $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet during the 3rd quarter worth about $66,000. Finally, Mendota Financial Group LLC raised its position in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Alphabet in a report on Friday, January 10th. Finally, Morgan Stanley increased their price objective on shares of Alphabet from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $208.15.

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.