Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $238,347.78 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, Amie Thuener O’toole sold 2,824 shares of Alphabet stock. The stock was sold at an average price of $187.43, for a total value of $529,302.32.
• On Monday, February 3rd, Amie Thuener O’toole sold 1,340 shares of Alphabet stock. The stock was sold at an average price of $202.08, for a total value of $270,787.20.
• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $194.32, for a total value of $550,702.88.
• On Thursday, January 2nd, Amie Thuener O’toole sold 1,368 shares of Alphabet stock. The stock was sold at an average price of $191.55, for a total value of $262,040.40.
• On Monday, December 16th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $197.55, for a total value of $559,856.70.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $173.02 on Thursday. The business’s 50-day moving average price is $189.06 and its two-hundred day moving average price is $176.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a one year low of $130.85 and a one year high of $207.05. The company has a market capitalization of $2.11 trillion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Institutional Trading of Alphabet

Several large investors have recently made changes to their positions in the stock. Probity Advisors Inc. boosted its stake in Alphabet by 14.0% during the 4th quarter. Probity Advisors Inc. now owns 8,785 shares of the information services provider’s stock valued at $1,663,000 after purchasing an additional 1,078 shares during the period. Dogwood Wealth Management LLC boosted its stake in Alphabet by 17.8% during the 4th quarter. Dogwood Wealth Management LLC now owns 3,732 shares of the information services provider’s stock valued at $706,000 after purchasing an additional 564 shares during the period. Smith Shellnut Wilson LLC ADV boosted its stake in Alphabet by 5.5% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,670 shares of the information services provider’s stock valued at $505,000 after purchasing an additional 140 shares during the period. Audent Global Asset Management LLC boosted its stake in Alphabet by 176.9% during the 4th quarter. Audent Global Asset Management LLC now owns 44,538 shares of the information services provider’s stock valued at $8,431,000 after purchasing an additional 28,453 shares during the period. Finally, American Investment Services Inc. boosted its stake in Alphabet by 0.8% during the 4th quarter. American Investment Services Inc. now owns 29,130 shares of the information services provider’s stock valued at $5,514,000 after purchasing an additional 241 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOGL. Loop Capital boosted their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

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.