Alphabet Inc. (NASDAQ:GOOG) CAO Sells $118,572.52 in Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the completion of the sale, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, May 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $166.67, for a total value of $113,668.94.
• On Tuesday, April 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $154.79, for a total value of $105,566.78.

Alphabet Stock Up 0.3 %

Shares of GOOG traded up $0.46 during midday trading on Monday, hitting $174.42. 18,376,370 shares of the company’s stock traded hands, compared to its average volume of 21,804,484. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.01. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $179.95. The firm’s fifty day moving average is $164.93 and its 200-day moving average is $149.78.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet has an average rating of “Buy” and an average target price of $165.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GOOG. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $26,000. Partnership Wealth Management LLC acquired a new position in Alphabet in the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the 4th quarter worth approximately $28,000. Barometer Capital Management Inc. acquired a new stake in Alphabet during the 3rd quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 27.26% 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.