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

Key Points

• Alphabet CAO Amie Thuener O'toole sold 2,778 shares of the company stock on September 15th, at an average price of $245, resulting in a total transaction of approximately $680,610.
• The company reported a net margin of 31.12% and a revenue of $96.43 billion for the last quarter, surpassing analyst expectations.
• Alphabet recently paid a quarterly dividend of $0.21 per share, resulting in a dividend yield of 0.3% and a payout ratio of 8.95%.

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 2,778 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alphabet Stock Performance

Shares of GOOGL traded down $0.45 on Tuesday, reaching $251.16. The company's stock had a trading volume of 34,081,701 shares, compared to its average volume of 36,992,240. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.04 trillion, a P/E ratio of 26.80, a PEG ratio of 1.69 and a beta of 1.01. The stock's 50 day simple moving average is $203.39 and its two-hundred day simple moving average is $178.15. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $253.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOGL. Norges Bank acquired a new position in Alphabet in the 2nd quarter valued at $21,944,208,000. Nuveen LLC acquired a new position in Alphabet in the 1st quarter valued at $4,317,606,000. GAMMA Investing LLC raised its stake in Alphabet by 16,993.2% in the 1st quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock valued at $2,483,898,000 after purchasing an additional 15,968,487 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider's stock valued at $2,686,640,000 after purchasing an additional 15,159,273 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock valued at $78,839,544,000 after purchasing an additional 14,307,345 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane restated a "neutral" rating and issued a $172.00 price target on shares of Alphabet in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, September 3rd. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Morgan Stanley lifted their price objective on shares of Alphabet from $185.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Loop Capital reaffirmed a "hold" rating and set a $190.00 price objective (up from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $222.85.

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.

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