Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Amie Thuener O'toole also recently made the following trade(s):
- 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 transaction 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 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.
Alphabet Stock Performance
GOOGL traded up $0.27 during midday trading on Thursday, hitting $191.60. 29,207,496 shares of the company were exchanged, compared to its average volume of 27,958,936. The firm has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The company's 50 day simple moving average is $190.83 and its 200 day simple moving average is $174.52. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Institutional Trading of Alphabet
Several institutional investors have recently added to or reduced their stakes in GOOGL. State Street Corp boosted its holdings in shares of Alphabet by 0.3% in the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after acquiring an additional 743,369 shares during the period. Geode Capital Management LLC boosted its stake in Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after purchasing an additional 2,626,431 shares during the period. JPMorgan Chase & Co. grew its position in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC increased its stake in Alphabet by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock valued at $9,581,427,000 after purchasing an additional 757,138 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Alphabet by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider's stock valued at $7,278,910,000 after buying an additional 1,218,639 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on GOOGL. Citigroup lowered their target price on Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank of Canada raised their target price on Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Sanford C. Bernstein boosted their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. China Renaissance upgraded Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Loop Capital lifted their target price on Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $210.62.
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About Alphabet
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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.
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