Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) CAO Sells 673 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $173.47, for a total transaction 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 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 shares were sold at an average price of $191.55, for a total transaction of $262,040.40.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $150.72 on Friday. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 company’s 50 day simple moving average is $176.24 and its 200 day simple moving average is $176.77.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Compass Planning Associates Inc bought a new position in shares of Alphabet in the fourth quarter worth $30,000. LMR Partners LLP purchased a new stake in Alphabet during the 3rd quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $39,000. Finally, PayPay Securities Corp increased its position in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush raised their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Alphabet in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has an average 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.