Insider Selling: Alphabet Inc. (NASDAQ:GOOG) CAO Sells 1,367 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 10th, Amie Thuener O’toole sold 2,835 shares of Alphabet stock. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55.
• On Tuesday, September 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $160.44, for a total value of $109,420.08.
• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $168.00, for a total value of $114,576.00.

Alphabet Trading Down 0.7 %

GOOG traded down $1.11 on Wednesday, hitting $167.31. The company had a trading volume of 12,253,873 shares, compared to its average volume of 20,039,184. The business’s fifty day simple moving average is $163.71 and its 200 day simple moving average is $168.51. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $121.46 and a 12-month high of $193.31. The company has a market cap of $2.07 trillion, a PE ratio of 25.59, a PEG ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Pivotal Research started coverage on shares of Alphabet in a research report on Tuesday. They set a “buy” rating and a $215.00 price objective on the stock. Oppenheimer dropped their target price on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday, June 28th. Finally, Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.75.

Institutional Investors Weigh In On Alphabet

Several institutional investors have recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in Alphabet in the 4th quarter worth about $34,000. Abich Financial Wealth Management LLC grew its stake in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after buying an additional 184 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Alphabet in the second quarter worth approximately $37,000. HWG Holdings LP bought a new stake in shares of Alphabet during the 2nd quarter worth approximately $40,000. Finally, Slocum Gordon & Co LLP purchased a new position in Alphabet during the 2nd quarter valued at $44,000. Institutional investors own 27.26% 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.