Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $270,787.20 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $194.32, for a total value of $550,702.88.
• 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 transaction 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.

Alphabet Stock Performance

Alphabet stock traded down $2.79 during mid-day trading on Monday, reaching $201.23. The company had a trading volume of 27,710,452 shares, compared to its average volume of 25,146,285. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $205.48. 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 firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.31 and a beta of 0.99. The company has a 50 day moving average of $188.97 and a 200-day moving average of $174.03.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOGL. First Horizon Advisors Inc. grew its stake in shares of Alphabet by 0.3% during the fourth quarter. First Horizon Advisors Inc. now owns 136,783 shares of the information services provider’s stock worth $25,893,000 after purchasing an additional 382 shares during the period. Capital City Trust Co. FL increased its stake in Alphabet by 1.4% during the 4th quarter. Capital City Trust Co. FL now owns 66,515 shares of the information services provider’s stock worth $12,591,000 after purchasing an additional 929 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of Alphabet by 1.3% during the fourth quarter. Sigma Planning Corp now owns 82,388 shares of the information services provider’s stock worth $15,596,000 after acquiring an additional 1,026 shares during the period. Cypress Capital LLC acquired a new position in Alphabet during the fourth quarter worth $2,602,000. Finally, Navellier & Associates Inc. raised its position in Alphabet by 3.6% during the fourth quarter. Navellier & Associates Inc. now owns 9,945 shares of the information services provider’s stock worth $1,883,000 after acquiring an additional 350 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.