Amie Thuener O’toole Sells 1,368 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on 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 $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were 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 value 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 shares were sold at an average price of $167.23, for a total transaction of $473,929.82.

Alphabet Stock Performance

NASDAQ GOOG opened at $193.13 on Monday. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.34 and a beta of 0.99. 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 twelve month low of $131.55 and a twelve month high of $202.88. The stock has a fifty day simple moving average of $181.77 and a 200 day simple moving average of $173.97.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.56.

Institutional Investors Weigh In On Alphabet

Several large investors have recently modified their holdings of GOOG. First Citizens Financial Corp bought a new stake in shares of Alphabet during the 4th quarter valued at about $234,000. NRI Wealth Management LC bought a new position in shares of Alphabet during the 4th quarter worth approximately $2,639,000. GAMMA Investing LLC grew its position in shares of Alphabet by 15.9% during the 4th quarter. GAMMA Investing LLC now owns 76,750 shares of the information services provider’s stock worth $14,616,000 after buying an additional 10,537 shares during the period. Versant Capital Management Inc increased its stake in shares of Alphabet by 22.9% in the 4th quarter. Versant Capital Management Inc now owns 7,721 shares of the information services provider’s stock valued at $1,470,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Trust Co of the South lifted its position in shares of Alphabet by 22.2% during the 4th quarter. Trust Co of the South now owns 10,554 shares of the information services provider’s stock valued at $2,010,000 after acquiring an additional 1,917 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.