Alphabet (NASDAQ:GOOG) CAO Amie Thuener O'toole Sells 953 Shares

Key Points

• Amie Thuener O'toole, Chief Accounting Officer of Alphabet, sold 953 shares on October 1st, reducing her position by 5.22%, leaving her with 17,294 shares valued at approximately $4.17 million.
• Alphabet's stock increased by $0.89 to $246.43, with a market capitalization of $2.98 trillion, a P/E ratio of 26.24, and a 1-year high of $256.70.
• The company reported a 13.8% increase in revenue year-over-year, reaching $96.43 billion for the last quarter, and exceeded analyst earnings expectations with a reported EPS of $2.31.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CAO Amie Thuener O'toole sold 953 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the completion of the sale, the chief accounting officer directly owned 17,294 shares of the company's stock, valued at approximately $4,171,312.80. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $680,610.00.

Alphabet Price Performance

Shares of Alphabet stock traded up $0.89 during trading hours on Thursday, reaching $246.43. 20,629,903 shares of the company's stock were exchanged, compared to its average volume of 22,802,248. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70. The company has a market capitalization of $2.98 trillion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. The business has a fifty day moving average of $219.78 and a two-hundred day moving average of $185.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is currently 8.95%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Scotiabank upped their target price on shares of Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Raymond James Financial restated an "outperform" rating and set a $210.00 target price (up from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $235.33.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently bought and sold shares of the business. Independence Bank of Kentucky lifted its holdings in Alphabet by 10.2% in the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock worth $2,329,000 after purchasing an additional 1,376 shares during the last quarter. RDA Financial Network grew its holdings in shares of Alphabet by 5.3% during the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider's stock worth $1,968,000 after purchasing an additional 554 shares during the last quarter. Fermata Advisors LLC lifted its stake in shares of Alphabet by 2.7% during the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after acquiring an additional 259 shares during the period. Oldfather Financial Services LLC acquired a new position in Alphabet in the second quarter valued at about $213,000. Finally, Members Trust Co raised its position in shares of Alphabet by 84.7% during the first quarter. Members Trust Co now owns 4,999 shares of the information services provider's stock worth $781,000 after purchasing an additional 2,292 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

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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