Amie Thuener O'toole Sells 2,824 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CAO Amie Thuener O'toole sold 2,824 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 3rd, Amie Thuener O'toole sold 1,340 shares of Alphabet stock. The shares were sold at an average price of $202.08, for a total value 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 value 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 value of $262,040.40.
• On Monday, December 16th, Amie Thuener O'toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $197.55, for a total value of $559,856.70.
• 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.

Alphabet Price Performance

GOOG traded down $4.34 during trading on Friday, hitting $182.30. 10,624,364 shares of the stock traded hands, compared to its average volume of 17,401,611. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The company has a market cap of $2.22 trillion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day moving average price of $194.22 and a 200 day moving average price of $177.08.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet's payout ratio is presently 9.94%.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of GOOG. Sterling Financial Planning Inc. increased its holdings in Alphabet by 2.6% in the fourth quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock worth $370,000 after buying an additional 50 shares during the last quarter. Arlington Trust Co LLC lifted its holdings in shares of Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock valued at $2,747,000 after acquiring an additional 52 shares during the period. Harrell Investment Partners LLC increased its position in Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock worth $1,078,000 after purchasing an additional 53 shares during the period. Ethos Financial Group LLC grew its position in shares of Alphabet by 0.7% during the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after buying an additional 53 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in shares of Alphabet by 1.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock valued at $966,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GOOG shares. Canaccord Genuity Group boosted their price target on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Barclays upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $209.13.

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.