Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 682 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the transaction, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. 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 Monday, June 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52.
• On Thursday, May 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94.

Alphabet Stock Performance

Alphabet stock opened at $185.24 on Wednesday. The stock has a 50-day simple moving average of $173.38 and a 200 day simple moving average of $154.80. The stock has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.37 and a beta of 1.05. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s payout ratio is 12.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GOOGL shares. Citigroup boosted their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. TD Cowen upped their price target on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. UBS Group raised their price objective on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $195.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Finally, Tigress Financial raised their price target on shares of Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.66.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. Vanguard Group Inc. grew its holdings in Alphabet by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider’s stock worth $75,144,172,000 after acquiring an additional 4,064,073 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $15,441,917,000. Capital Research Global Investors increased its holdings in Alphabet by 14.4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock valued at $8,724,251,000 after purchasing an additional 7,275,757 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Alphabet by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock valued at $6,316,902,000 after buying an additional 1,472,043 shares during the period. Finally, Capital World Investors boosted its holdings in Alphabet by 1.7% during the first quarter. Capital World Investors now owns 35,412,299 shares of the information services provider’s stock worth $5,344,778,000 after buying an additional 597,756 shares during the last quarter. Institutional investors own 40.03% 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.