Alphabet (NASDAQ:GOOGL) CAO Sells $284,590.00 in Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, February 2nd, Amie Thuener O’toole sold 933 shares of Alphabet stock. The shares were sold at an average price of $336.55, for a total value of $314,001.15.
  • On Monday, December 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $312.30, for a total value of $867,569.40.

Alphabet Trading Down 0.1%

Shares of NASDAQ GOOGL traded down $0.45 during mid-day trading on Wednesday, hitting $303.13. The stock had a trading volume of 29,372,765 shares, compared to its average volume of 36,434,781. The business has a 50 day moving average price of $320.71 and a two-hundred day moving average price of $284.77. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $3.67 trillion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Hedge Funds Weigh In On Alphabet

Institutional investors have recently modified their holdings of the business. Symmetry Partners LLC lifted its holdings in Alphabet by 0.4% in the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock valued at $2,476,000 after acquiring an additional 30 shares during the period. Members Trust Co grew its holdings in shares of Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock worth $2,014,000 after purchasing an additional 31 shares during the period. Altfest L J & Co. Inc. grew its stake in shares of Alphabet by 0.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider’s stock valued at $2,489,000 after buying an additional 31 shares in the last quarter. Insight 2811 Inc. grew its holdings in Alphabet by 1.0% during the 4th quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider’s stock valued at $978,000 after purchasing an additional 32 shares in the last quarter. Finally, LJI Wealth Management LLC increased its holdings in Alphabet by 0.4% during the 4th quarter. LJI Wealth Management LLC now owns 7,265 shares of the information services provider’s stock worth $2,274,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $375.00 target price (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 price target on the stock. Wells Fargo & Company set a $354.00 price objective on shares of Alphabet and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Moffett Nathanson increased their price target on shares of Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Robert W. Baird raised their price objective on Alphabet from $310.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $366.57.

Check Out Our Latest Stock Analysis on Alphabet

About Alphabet

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Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOGL)

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