Amie Thuener O’toole Sells 2,834 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 2nd, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $170.41, for a total value of $232,950.47.
• On Friday, November 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The stock was sold at an average price of $171.42, for a total value of $234,331.14.
• On Tuesday, October 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $167.23, for a total transaction of $473,929.82.
• On Tuesday, October 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28.

Alphabet Stock Performance

Shares of GOOG opened at $189.70 on Friday. The stock has a 50-day moving average of $175.57 and a 200-day moving average of $172.73. Alphabet Inc. has a one year low of $131.55 and a one year high of $202.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $2.32 trillion, a PE ratio of 25.16, a P/E/G ratio of 1.38 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Kavar Capital Partners Group LLC grew its holdings in Alphabet by 4.2% during the second quarter. Kavar Capital Partners Group LLC now owns 6,196 shares of the information services provider’s stock worth $1,136,000 after buying an additional 250 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in Alphabet by 3.6% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 20,980 shares of the information services provider’s stock worth $3,848,000 after acquiring an additional 731 shares during the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Alphabet by 1.6% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 151,624 shares of the information services provider’s stock worth $27,811,000 after acquiring an additional 2,374 shares in the last quarter. Colonial River Wealth Management LLC raised its holdings in shares of Alphabet by 5.3% in the second quarter. Colonial River Wealth Management LLC now owns 2,126 shares of the information services provider’s stock valued at $390,000 after purchasing an additional 107 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $202,000. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on GOOG. DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Citigroup raised their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.56.

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.