Alphabet (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 2,778 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the transaction, the chief accounting officer owned 11,739 shares of the company’s stock, valued at $3,383,884.14. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 3rd, Amie Thuener O’toole sold 954 shares of Alphabet stock. The stock was sold at an average price of $282.33, for a total transaction of $269,342.82.
• On Wednesday, October 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $250.05, for a total value of $694,638.90.
• On Wednesday, October 1st, Amie Thuener O’toole sold 953 shares of Alphabet stock. The shares were sold at an average price of $241.20, for a total value of $229,863.60.
• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $245.00, for a total value of $680,610.00.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $8.53 during trading on Wednesday, reaching $292.81. The company had a trading volume of 67,902,064 shares, compared to its average volume of 36,032,543. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $303.81. The stock has a 50-day moving average price of $259.16 and a two-hundred day moving average price of $211.00. The stock has a market capitalization of $3.53 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 8.28%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Westpark Capital upped their target price on Alphabet from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Robert W. Baird increased their target price on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. The Goldman Sachs Group lifted their price target on Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Bank of America upped their price objective on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $305.33.

Institutional Trading of Alphabet

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. Smart Money Group LLC grew its stake in shares of Alphabet by 9.4% in the first quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after buying an additional 532 shares in the last quarter. Slow Capital Inc. raised its holdings in shares of Alphabet by 32.5% during the 1st quarter. Slow Capital Inc. now owns 115,269 shares of the information services provider’s stock valued at $17,825,000 after buying an additional 28,246 shares during the period. Finally, Evergreen Private Wealth LLC lifted its position in Alphabet by 0.5% during the 1st quarter. Evergreen Private Wealth LLC now owns 35,334 shares of the information services provider’s stock worth $5,464,000 after acquiring an additional 178 shares in the last quarter. 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.