Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $238,347.78 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 18th, Amie Thuener O’toole sold 2,824 shares of Alphabet stock. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32.
• On Monday, February 3rd, Amie Thuener O’toole sold 1,340 shares of Alphabet stock. The shares were 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 shares were 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.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $167.01 on Tuesday. The company has a market cap of $2.04 trillion, a P/E ratio of 20.75, a P/E/G ratio of 1.34 and a beta of 0.99. The business has a fifty day simple moving average of $190.02 and a 200-day simple moving average of $176.35. 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.

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

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GOOGL shares. Wolfe Research boosted their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wedbush raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Loop Capital increased their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Hedge Funds Weigh In On Alphabet

A number of large investors have recently bought and sold shares of the stock. Hofer & Associates. Inc grew its stake in Alphabet by 4.6% during the third quarter. Hofer & Associates. Inc now owns 4,712 shares of the information services provider’s stock worth $781,000 after buying an additional 209 shares during the period. Waldron Private Wealth LLC lifted its holdings in shares of Alphabet by 4.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 73,705 shares of the information services provider’s stock valued at $12,224,000 after acquiring an additional 3,391 shares in the last quarter. Symphony Financial Ltd. Co. boosted its position in Alphabet by 9.7% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 36,188 shares of the information services provider’s stock worth $5,949,000 after purchasing an additional 3,187 shares during the period. Pictet North America Advisors SA increased its holdings in Alphabet by 0.7% in the 3rd quarter. Pictet North America Advisors SA now owns 154,687 shares of the information services provider’s stock valued at $25,655,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its position in Alphabet by 77.6% in the third quarter. Stanley Laman Group Ltd. now owns 63,699 shares of the information services provider’s stock valued at $10,564,000 after purchasing an additional 27,825 shares during the period. Hedge funds and other institutional investors own 40.03% 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.