Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 2,835 shares of Alphabet stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amie Thuener O'toole also recently made the following trade(s):
- On Tuesday, September 3rd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08.
- On Friday, August 2nd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00.
- On Tuesday, July 2nd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54.
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Shares of GOOGL stock opened at $148.66 on Wednesday. The stock has a market cap of $1.83 trillion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The stock has a fifty day moving average price of $169.44 and a 200 day moving average price of $164.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $70.60 billion. During the same period in the prior year, the company posted $1.44 earnings per share. Analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.54%. Alphabet's dividend payout ratio is currently 12.27%.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of several research reports. Wolfe Research assumed coverage on shares of Alphabet in a report on Tuesday, July 16th. They set an "outperform" rating and a $240.00 price target for the company. Argus increased their price objective on Alphabet from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Tigress Financial boosted their target price on Alphabet from $176.00 to $210.00 and gave the company a "strong-buy" rating in a research note on Friday, May 24th. TD Securities raised their price target on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Finally, Bank of America lifted their price target on Alphabet from $200.00 to $206.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.76.
Get Our Latest Research Report on Alphabet
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Alphabet by 0.8% in the first quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock valued at $75,144,172,000 after buying an additional 4,064,073 shares in the last quarter. Norges Bank bought a new position in Alphabet in the fourth quarter valued at about $15,441,917,000. Capital Research Global Investors boosted its holdings in Alphabet by 14.4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock valued at $8,724,251,000 after acquiring an additional 7,275,757 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Alphabet by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock valued at $9,011,412,000 after acquiring an additional 238,403 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Alphabet by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 45,178,075 shares of the information services provider's stock valued at $6,310,925,000 after acquiring an additional 1,429,261 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
About Alphabet
(
Get Free Report)
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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