Insider Selling: Alphabet Inc. (NASDAQ:GOOG) CAO Sells $429,587.55 in Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $160.44, for a total value of $109,420.08.
• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $168.00, for a total value of $114,576.00.
• On Tuesday, July 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $183.47, for a total value of $125,126.54.

Alphabet Trading Up 2.2 %

NASDAQ GOOG opened at $155.54 on Friday. The firm’s fifty day moving average price is $169.73 and its 200 day moving average price is $165.83. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (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 company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same quarter last year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

Institutional Investors Weigh In On Alphabet

Several large investors have recently modified their holdings of GOOG. Summit Wealth Partners LLC increased its holdings in shares of Alphabet by 9.6% in the 2nd quarter. Summit Wealth Partners LLC now owns 2,290 shares of the information services provider’s stock valued at $420,000 after acquiring an additional 200 shares during the period. Newbridge Financial Services Group Inc. grew its position in Alphabet by 29.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 18,814 shares of the information services provider’s stock worth $3,451,000 after purchasing an additional 4,285 shares during the last quarter. SS&H Financial Advisors Inc. increased its stake in Alphabet by 5.4% in the second quarter. SS&H Financial Advisors Inc. now owns 23,470 shares of the information services provider’s stock valued at $4,304,000 after purchasing an additional 1,200 shares during the period. Cannon Financial Strategists Inc. purchased a new stake in shares of Alphabet in the second quarter valued at about $268,000. Finally, Brightwater Advisory LLC acquired a new stake in shares of Alphabet during the second quarter worth about $444,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DA Davidson upgraded shares of Alphabet to a “hold” rating in a research note on Tuesday. Oppenheimer boosted their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research note on Friday, June 28th. Finally, Wolfe Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.86.

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.