Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole Sells 673 Shares

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, March 3rd, Amie Thuener O’toole sold 1,374 shares of Alphabet stock. The shares were sold at an average price of $173.47, for a total value of $238,347.78.
• On Tuesday, February 18th, Amie Thuener O’toole sold 2,824 shares of Alphabet stock. The shares were sold at an average price of $187.43, for a total transaction 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 transaction of $270,787.20.
• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The shares were sold at an average price of $194.32, for a total transaction 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 transaction of $262,040.40.

Alphabet Stock Performance

Shares of GOOG opened at $158.88 on Wednesday. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The firm has a fifty day simple moving average of $179.89 and a 200 day simple moving average of $178.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GOOG shares. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank lifted their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.65.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Weiss Asset Management LP acquired a new stake in Alphabet in the third quarter valued at $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in Alphabet during the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the third quarter worth approximately $33,000. Finally, WealthTrak Capital Management LLC acquired a new position in Alphabet during the fourth quarter worth approximately $38,000. 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.