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

Key Points

• Amie Thuener O'toole, Alphabet's CAO, sold 2,778 shares at an average price of $250.05, totaling approximately $694,639, which reduced her position by 16.06% to 14,516 shares.
• Alphabet reported a strong earnings report with a net margin of 31.12% and earnings per share of $2.31, exceeding expectations.
• The company recently announced a quarterly dividend of $0.21 per share, with an annual 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 business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the transaction, the chief accounting officer directly owned 14,516 shares of the company's stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, October 1st, Amie Thuener O'toole sold 953 shares of Alphabet stock. The stock was sold at an average price of $241.20, for a total transaction 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 transaction of $680,610.00.

Alphabet Stock Up 0.7%

Shares of Alphabet stock traded up $1.84 during trading hours on Friday, reaching $253.30. 29,582,897 shares of the company's stock were exchanged, compared to its average volume of 29,170,138. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.96. The stock has a market cap of $3.06 trillion, a P/E ratio of 26.98, a P/E/G ratio of 1.70 and a beta of 1.00. The company has a 50 day moving average of $231.55 and a two-hundred day moving average of $191.61. 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 (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Alphabet from $230.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Royal Bank Of Canada boosted their price target on shares of Alphabet from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Cantor Fitzgerald boosted their price target on shares of Alphabet from $201.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.24.

Institutional Trading of Alphabet

A number of institutional investors have recently made changes to their positions in GOOGL. Oak Harvest Investment Services boosted its holdings in shares of Alphabet by 94.4% in the third quarter. Oak Harvest Investment Services now owns 11,622 shares of the information services provider's stock worth $2,825,000 after buying an additional 5,645 shares during the last quarter. Copeland Capital Management LLC increased its position in Alphabet by 83.9% during the third quarter. Copeland Capital Management LLC now owns 71,343 shares of the information services provider's stock valued at $17,344,000 after acquiring an additional 32,540 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Alphabet by 23.0% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 88,017 shares of the information services provider's stock valued at $21,397,000 after purchasing an additional 16,446 shares during the period. Constitution Capital LLC boosted its stake in shares of Alphabet by 36.7% during the third quarter. Constitution Capital LLC now owns 10,187 shares of the information services provider's stock valued at $2,476,000 after purchasing an additional 2,735 shares during the period. Finally, Nixon Peabody Trust Co. lifted its stake in Alphabet by 1.1% in the third quarter. Nixon Peabody Trust Co. now owns 114,506 shares of the information services provider's stock worth $27,836,000 after acquiring an additional 1,222 shares during the period. 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.

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