Alphabet (NASDAQ:GOOGL) CAO Amie Thuener O’toole Sells 2,778 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the transaction, the chief accounting officer owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, October 1st, Amie Thuener O’toole sold 953 shares of Alphabet stock. The stock was sold at an average price of $241.20, for a total value of $229,863.60.
• On Monday, September 15th, Amie Thuener O’toole sold 2,778 shares of Alphabet stock. The stock was sold at an average price of $245.00, for a total value of $680,610.00.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $253.30 on Friday. 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 Inc. has a 12 month low of $140.53 and a 12 month high of $256.96. The stock has a 50 day moving average of $231.55 and a 200-day moving average of $191.61. The company has a market capitalization of $3.06 trillion, a P/E ratio of 26.98, a P/E/G ratio of 1.70 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current 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 annualized dividend 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%.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oak Harvest Investment Services raised its stake in shares of Alphabet by 94.4% in the third quarter. Oak Harvest Investment Services now owns 11,622 shares of the information services provider’s stock worth $2,825,000 after purchasing an additional 5,645 shares during the last quarter. Copeland Capital Management LLC grew its holdings in Alphabet by 83.9% during the third quarter. Copeland Capital Management LLC now owns 71,343 shares of the information services provider’s stock valued at $17,344,000 after purchasing an additional 32,540 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Alphabet by 23.0% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 88,017 shares of the information services provider’s stock valued at $21,397,000 after purchasing an additional 16,446 shares during the period. Constitution Capital LLC grew its holdings in Alphabet by 36.7% during the third quarter. Constitution Capital LLC now owns 10,187 shares of the information services provider’s stock valued at $2,476,000 after purchasing an additional 2,735 shares during the period. Finally, Nixon Peabody Trust Co. grew its holdings in Alphabet by 1.1% during the third quarter. Nixon Peabody Trust Co. now owns 114,506 shares of the information services provider’s stock valued at $27,836,000 after purchasing an additional 1,222 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wolfe Research lifted their price target on Alphabet from $220.00 to $290.00 in a report on Tuesday, September 30th. Sanford C. Bernstein lifted their price objective on Alphabet from $185.00 to $195.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Susquehanna lifted their price objective on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Jefferies Financial Group boosted their price target on Alphabet from $230.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Mizuho set a $295.00 price objective on Alphabet and gave the stock an “outperform” rating in a research report on Monday, September 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.24.

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.