Insider Selling: Alphabet (NASDAQ:GOOG) CAO Sells 2,778 Shares of Stock

Key Points

• Alphabet's CAO, Amie Thuener O'toole, sold 2,778 shares of stock on October 15th for a total of $694,638.90, reducing her ownership by 16.06%.
• Alphabet's recent earnings report showed an EPS of $2.31, exceeding analysts' expectations of $2.12, with revenue up 13.8% year-over-year.
• Analyst ratings for Alphabet are favorable, with a consensus average rating of "Moderate Buy" and a target price of $244.68.

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred 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 owned 14,516 shares of the company's stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Trading Up 0.8%

NASDAQ:GOOG opened at $253.79 on Monday. The company has a market capitalization of $3.07 trillion, a P/E ratio of 27.03, a P/E/G ratio of 1.72 and a beta of 1.00. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $257.58. The stock's 50 day moving average price is $232.18 and its 200 day moving average price is $193.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $93.67 billion. During the same period last year, the business posted $1.89 EPS. Alphabet's revenue was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, September 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Wednesday, October 8th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Barclays reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $244.68.

Hedge Funds Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tripletail Wealth Management LLC acquired a new position in Alphabet during the third quarter valued at approximately $40,000. Range Financial Group LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $215,000. Fort Washington Investment Advisors Inc. OH grew its position in Alphabet by 3.2% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,703,680 shares of the information services provider's stock valued at $658,481,000 after purchasing an additional 83,170 shares in the last quarter. Nixon Peabody Trust Co. grew its position in Alphabet by 0.7% in the third quarter. Nixon Peabody Trust Co. now owns 128,215 shares of the information services provider's stock valued at $31,227,000 after purchasing an additional 907 shares in the last quarter. Finally, Petros Family Wealth LLC lifted its position in Alphabet by 30.3% during the 3rd quarter. Petros Family Wealth LLC now owns 19,290 shares of the information services provider's stock worth $4,698,000 after buying an additional 4,485 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

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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