Alphabet (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 953 Shares

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 953 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the completion of the sale, the chief accounting officer directly owned 17,294 shares of the company’s stock, valued at $4,171,312.80. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00.

Alphabet Price Performance

GOOGL opened at $245.35 on Friday. The company has a fifty day simple moving average of $221.25 and a 200 day simple moving average of $185.80. The firm has a market cap of $2.97 trillion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.66 and a beta of 1.00. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Hedge Funds Weigh In On Alphabet

Several hedge funds have recently made changes to their positions in GOOGL. Brighton Jones LLC grew its stake in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. Rhumbline Advisers boosted its holdings in shares of Alphabet by 0.8% in the first quarter. Rhumbline Advisers now owns 11,267,743 shares of the information services provider’s stock worth $1,742,444,000 after buying an additional 86,670 shares during the period. Triangle Securities Wealth Management boosted its holdings in shares of Alphabet by 2.3% in the first quarter. Triangle Securities Wealth Management now owns 4,809 shares of the information services provider’s stock worth $744,000 after buying an additional 108 shares during the period. Finally, Apella Capital LLC boosted its holdings in shares of Alphabet by 50.6% in the first quarter. Apella Capital LLC now owns 12,820 shares of the information services provider’s stock worth $2,035,000 after buying an additional 4,305 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GOOGL. KeyCorp raised their price target on shares of Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada increased their price objective on shares of Alphabet from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. BMO Capital Markets increased their price objective on shares of Alphabet from $208.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company a “market perform” rating in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group increased their price objective on shares of Alphabet from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.76.

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.