Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O'toole Sells 682 Shares

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 2nd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $168.00, for a total value of $114,576.00.
• On Tuesday, July 2nd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $183.47, for a total value of $125,126.54.

Alphabet Trading Down 3.7 %

Alphabet stock traded down $6.02 during trading hours on Tuesday, reaching $157.36. 38,914,480 shares of the company's stock were exchanged, compared to its average volume of 27,699,473. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $173.13 and its 200 day simple moving average is $164.05. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The firm has a market capitalization of $1.94 trillion, a PE ratio of 24.51, a PEG ratio of 1.22 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period last year, the business posted $1.44 EPS. Research analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's payout ratio is currently 12.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GOOGL shares. Needham & Company LLC reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Friday. UBS Group increased their price target on Alphabet from $200.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Loop Capital reissued a "hold" rating and set a $170.00 price target on shares of Alphabet in a research report on Wednesday, July 3rd. TD Securities upped their target price on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company upped their target price on Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy 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 $203.17.

Institutional Trading of Alphabet

A number of large investors have recently bought and sold shares of GOOGL. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after buying an additional 60 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $30,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $30,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at about $36,000. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.

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