Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 2,824 Shares

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 2,824 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,815,948.32. This represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Amie Thuener O’toole sold 1,340 shares of Alphabet stock. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20.
• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $194.32, for a total value of $550,702.88.
• On Thursday, January 2nd, Amie Thuener O’toole sold 1,368 shares of Alphabet stock. The shares were sold at an average price of $191.55, for a total value of $262,040.40.
• 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.

Alphabet Price Performance

Alphabet stock opened at $185.19 on Thursday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $192.81 and its 200 day moving average is $175.49. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.35 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Institutional Trading of Alphabet

A number of institutional investors have recently bought and sold shares of the stock. Orin Green Financial LLC raised its position in Alphabet by 1.4% in the 4th quarter. Orin Green Financial LLC now owns 5,041 shares of the information services provider’s stock worth $954,000 after purchasing an additional 70 shares during the period. Auxier Asset Management lifted its stake in shares of Alphabet by 1.4% during the 4th quarter. Auxier Asset Management now owns 88,697 shares of the information services provider’s stock worth $16,790,000 after acquiring an additional 1,265 shares during the last quarter. Blue Sky Capital Consultants Group Inc. purchased a new position in Alphabet during the 4th quarter valued at $5,141,000. Warm Springs Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at $5,762,000. Finally, Richmond Investment Services LLC purchased a new stake in Alphabet in the fourth quarter worth $845,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GOOGL shares. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Bank of America reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Morgan Stanley cut their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $210.62.

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.