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

Key Points

• Amie Thuener O'toole, Alphabet's Chief Accounting Officer, sold 953 shares of the company's stock for approximately $229,864, reducing her ownership by 5.22% to a total of 17,294 shares.
• Alphabet is currently valued at about $2.97 trillion with a PE ratio of 26.17 and a dividend yield of 0.3% announced recently.
• Analysts maintain a generally positive outlook with an average rating of "Moderate Buy" and a target price of $240.76 for Alphabet shares.

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 953 shares of the company'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 sale, the chief accounting officer directly owned 17,294 shares of the company's stock, valued at approximately $4,171,312.80. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 shares were sold at an average price of $245.00, for a total transaction of $680,610.00.

Alphabet Price Performance

GOOGL traded up $0.79 during midday trading on Thursday, hitting $245.69. The company had a trading volume of 25,433,124 shares, compared to its average volume of 35,513,240. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The firm's 50-day simple moving average is $219.14 and its 200-day simple moving average is $184.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $2.97 trillion, a PE ratio of 26.17, a P/E/G ratio of 1.65 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping 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 analyst estimates of $93.60 billion. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Institutional Investors Weigh In On Alphabet

Several hedge funds have recently made changes to their positions in the company. Beddow Capital Management Inc. raised its stake in Alphabet by 2.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 2,510 shares of the information services provider's stock worth $445,000 after purchasing an additional 50 shares in the last quarter. Gimbal Financial grew its holdings in Alphabet by 1.9% during the 2nd quarter. Gimbal Financial now owns 2,776 shares of the information services provider's stock worth $489,000 after acquiring an additional 53 shares during the last quarter. Missouri Trust & Investment Co lifted its position in shares of Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock valued at $2,981,000 after acquiring an additional 55 shares during the period. Silver Coast Investments LLC raised its holdings in Alphabet by 1.3% during the second quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider's stock worth $761,000 after buying an additional 55 shares during the last quarter. Finally, North Berkeley Wealth Management LLC raised its holdings in Alphabet by 1.3% during the second quarter. North Berkeley Wealth Management LLC now owns 4,200 shares of the information services provider's stock worth $740,000 after buying an additional 55 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOGL shares. BNP Paribas Exane reaffirmed a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. UBS Group lifted their price objective on Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Oppenheimer reiterated an "outperform" rating and set a $270.00 price target (up previously from $235.00) on shares of Alphabet in a research report on Tuesday, September 2nd. Melius Research boosted their price objective on Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Finally, Wedbush upped their price target on Alphabet from $225.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $240.76.

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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