Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole Sells 1,367 Shares

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 value of $234,331.14.
• On Tuesday, October 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82.
• On Tuesday, October 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28.
• 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 value of $109,420.08.

Alphabet Trading Up 0.0 %

Shares of Alphabet stock opened at $173.02 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1 year low of $129.40 and a 1 year high of $193.31. The firm has a market cap of $2.12 trillion, a PE ratio of 22.95, a PEG ratio of 1.21 and a beta of 1.02. The company has a 50 day simple moving average of $170.37 and a two-hundred day simple moving average of $171.78.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 8.02 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, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is 10.61%.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners lifted its stake in shares of Alphabet by 21.2% in the 1st quarter. Boston Partners now owns 32,381 shares of the information services provider’s stock valued at $4,930,000 after acquiring an additional 5,662 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in Alphabet by 1.7% in the second quarter. Insight Wealth Strategies LLC now owns 5,038 shares of the information services provider’s stock valued at $924,000 after purchasing an additional 84 shares during the last quarter. Eastover Investment Advisors LLC boosted its stake in shares of Alphabet by 0.7% during the second quarter. Eastover Investment Advisors LLC now owns 56,297 shares of the information services provider’s stock valued at $10,506,000 after purchasing an additional 381 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Alphabet by 38.3% in the second quarter. Harbor Capital Advisors Inc. now owns 78,637 shares of the information services provider’s stock worth $14,424,000 after purchasing an additional 21,787 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Alphabet by 9.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 76,782 shares of the information services provider’s stock worth $14,083,000 after buying an additional 6,706 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup upped their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Barclays increased their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have 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 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.