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

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

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 shares were 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 shares were sold at an average price of $245.00, for a total value of $680,610.00.

Alphabet Stock Down 2.2%

Shares of Alphabet stock opened at $251.34 on Wednesday. The business has a 50-day moving average of $234.23 and a 200-day moving average of $194.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $3.04 trillion, a PE ratio of 26.77, a P/E/G ratio of 1.74 and a beta of 1.00. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $257.88.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Alphabet

Large investors have recently modified their holdings of the stock. Radnor Capital Management LLC lifted its holdings in Alphabet by 0.4% in the third quarter. Radnor Capital Management LLC now owns 13,155 shares of the information services provider’s stock worth $3,204,000 after acquiring an additional 50 shares during the last quarter. Pettinga Financial Advisors LLC lifted its holdings in Alphabet by 0.4% in the third quarter. Pettinga Financial Advisors LLC now owns 13,201 shares of the information services provider’s stock worth $3,215,000 after acquiring an additional 50 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Alphabet by 1.8% in the third quarter. Moss Adams Wealth Advisors LLC now owns 26,321 shares of the information services provider’s stock worth $6,410,000 after acquiring an additional 470 shares during the last quarter. Clay Northam Wealth Management LLC lifted its holdings in Alphabet by 0.9% in the third quarter. Clay Northam Wealth Management LLC now owns 38,579 shares of the information services provider’s stock worth $9,396,000 after acquiring an additional 347 shares during the last quarter. Finally, First National Bank Sioux Falls lifted its holdings in Alphabet by 2.1% in the third quarter. First National Bank Sioux Falls now owns 3,251 shares of the information services provider’s stock worth $792,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of several recent analyst reports. Cowen restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 8th. Mizuho upgraded Alphabet to a “strong-buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their target price on Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Finally, TD Cowen increased their price target on shares of Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $246.26.

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.