Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $230,804.28 in Stock

05 Oct 2024, 17:10 by Teresa Graham · The Cerbat Gem

Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now directly owns 29,183 shares in the company, valued at $4,927,257.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

On Tuesday, September 10th, Amie Thuener O’toole sold 2,835 shares of Alphabet stock. The stock was sold at an average price of $151.53, for a total value of $429,587.55.
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 shares were sold at an average price of $168.00, for a total transaction of $114,576.00.

Alphabet Trading Up 0.7 %

NASDAQ:GOOGL opened at $167.06 on Friday. The stock’s 50 day moving average price is $162.06 and its 200 day moving average price is $167.14. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The company has a market capitalization of $2.06 trillion, a P/E ratio of 25.62, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current 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 EPS 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 for the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

Institutional Investors Weigh In On Alphabet

Large investors have recently added to or reduced their stakes in the stock. Nebula Research & Development LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $787,000. New Hampshire Trust boosted its position in shares of Alphabet by 2.7% in the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider’s stock valued at $7,963,000 after acquiring an additional 1,132 shares during the period. Berkshire Money Management Inc. bought a new stake in shares of Alphabet in the first quarter valued at approximately $359,000. Schneider Downs Wealth Management Advisors LP boosted its position in shares of Alphabet by 58.4% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider’s stock valued at $962,000 after acquiring an additional 2,351 shares during the period. Finally, American International Group Inc. boosted its position in shares of Alphabet by 11.5% in the fourth quarter. American International Group Inc. now owns 1,951,860 shares of the information services provider’s stock valued at $272,655,000 after acquiring an additional 200,891 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Mizuho upped their price target on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Tigress Financial upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, August 30th. Piper Sandler reissued an “overweight” rating and issued a $200.00 price target on shares of Alphabet in a report on Monday, September 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 price target on shares of Alphabet in a report on Monday, September 30th. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.14.

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