Amie Thuener O’toole Sells 673 Shares of Alphabet Inc. (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 3rd, Amie Thuener O’toole sold 1,374 shares of Alphabet stock. The stock was sold at an average price of $173.47, for a total value of $238,347.78.
• On Tuesday, February 18th, Amie Thuener O’toole sold 2,824 shares of Alphabet stock. The stock was sold at an average price of $187.43, for a total value of $529,302.32.
• On Monday, February 3rd, Amie Thuener O’toole sold 1,340 shares of Alphabet stock. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20.
• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $194.32, for a total transaction 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.

Alphabet Trading Up 1.7 %

Shares of Alphabet stock traded up $2.65 during midday trading on Tuesday, reaching $158.88. 20,087,662 shares of the company’s stock traded hands, compared to its average volume of 18,934,984. The stock has a 50 day moving average of $180.70 and a 200-day moving average of $178.70. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $1.94 trillion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. As a group, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Hedge Funds Weigh In On Alphabet

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

Analyst Ratings Changes

Several research firms have recently issued reports on GOOG. Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Westpark Capital assumed coverage on shares of Alphabet in a research note on Tuesday. They issued a “buy” rating and a $210.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.65.

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.