Amie Thuener O’toole Sells 954 Shares of Alphabet (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 954 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the completion of the sale, the chief accounting officer directly owned 14,517 shares of the company’s stock, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90.
• On Wednesday, October 1st, Amie Thuener O’toole sold 953 shares of Alphabet stock. The stock was sold at an average price of $241.20, for a total value of $229,863.60.
• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00.

Alphabet Stock Down 2.2%

Shares of NASDAQ GOOGL traded down $6.18 during trading hours on Tuesday, hitting $277.54. 29,149,586 shares of the stock were exchanged, compared to its average volume of 35,972,586. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.36 trillion, a PE ratio of 27.37, a PEG ratio of 1.86 and a beta of 1.00. The firm has a fifty day moving average price of $245.50 and a 200-day moving average price of $201.24. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $291.59.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOGL. Evercore ISI upped their price target on shares of Alphabet from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. UBS Group restated a “neutral” rating and issued a $306.00 price objective (up from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. CIBC raised their price objective on Alphabet to $315.00 in a research note on Monday, October 20th. Finally, Canaccord Genuity Group raised their price objective on Alphabet from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $303.09.

Institutional Trading of Alphabet

Several institutional investors have recently modified their holdings of GOOGL. Peregrine Asset Advisers Inc. grew its holdings in Alphabet by 1.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 14,311 shares of the information services provider’s stock worth $3,479,000 after acquiring an additional 144 shares in the last quarter. Aspen Capital Management LLC boosted its holdings in shares of Alphabet by 7.9% in the 3rd quarter. Aspen Capital Management LLC now owns 3,074 shares of the information services provider’s stock valued at $747,000 after buying an additional 226 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Alphabet by 43.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 165,374 shares of the information services provider’s stock valued at $40,202,000 after buying an additional 49,968 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of Alphabet by 10.2% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 5,338 shares of the information services provider’s stock valued at $1,298,000 after buying an additional 495 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in shares of Alphabet by 2.0% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 44,518 shares of the information services provider’s stock valued at $10,822,000 after buying an additional 885 shares in the last quarter. Institutional investors and hedge funds own 40.03% 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.