Amie Thuener O’toole Sells 1,367 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, September 10th, Amie Thuener O’toole sold 2,835 shares of Alphabet stock. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55.
• 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 transaction of $109,420.08.
• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00.

Alphabet Price Performance

Alphabet stock opened at $165.86 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The stock has a fifty day moving average of $162.06 and a 200-day moving average of $167.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Monday. Argus lifted their target price on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI dropped their price target on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, September 25th. Finally, Loop Capital reissued a “hold” rating and issued a $170.00 price objective on shares of Alphabet in a research report on Wednesday, July 3rd. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $201.14.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Abacus Wealth Partners LLC raised its position in Alphabet by 14.4% in the third quarter. Abacus Wealth Partners LLC now owns 3,784 shares of the information services provider’s stock valued at $628,000 after purchasing an additional 476 shares during the last quarter. Granite Bay Wealth Management LLC raised its holdings in Alphabet by 10.8% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 2,174 shares of the information services provider’s stock valued at $361,000 after buying an additional 212 shares during the last quarter. CJM Wealth Advisers Ltd. boosted its position in Alphabet by 14.3% during the 3rd quarter. CJM Wealth Advisers Ltd. now owns 4,634 shares of the information services provider’s stock worth $769,000 after buying an additional 580 shares during the period. Apella Capital LLC grew its holdings in Alphabet by 4.4% during the 3rd quarter. Apella Capital LLC now owns 7,977 shares of the information services provider’s stock worth $1,323,000 after acquiring an additional 337 shares during the last quarter. Finally, Delta Financial Group Inc. grew its holdings in Alphabet by 1.0% during the 3rd quarter. Delta Financial Group Inc. now owns 17,894 shares of the information services provider’s stock worth $2,968,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

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.