Alphabet Inc. (NASDAQ:GOOG) CAO Sells $262,040.40 in Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 16th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $197.55, for a total value of $559,856.70.
• On Monday, December 2nd, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47.
• On Friday, November 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14.
• On Tuesday, October 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $167.23, for a total value of $473,929.82.

Alphabet Stock Performance

GOOG opened at $193.13 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The business has a 50 day moving average of $181.77 and a 200-day moving average of $173.97. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter last year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s dividend payout ratio is currently 10.61%.

Institutional Investors Weigh In On Alphabet

Several hedge funds have recently bought and sold shares of the stock. Weiss Asset Management LP bought a new position in shares of Alphabet during the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet during the 3rd quarter worth $33,000. Abich Financial Wealth Management LLC lifted its holdings in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after buying an additional 184 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Alphabet in the second quarter valued at about $40,000. Finally, Sanctuary Wealth Management L.L.C. grew its stake in shares of Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 117 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Scotiabank initiated coverage on shares of Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective on the stock. Citigroup increased their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, DA Davidson upgraded shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.