Alphabet Inc. (NASDAQ:GOOG) CAO Sells $114,576.00 in Stock
Alphabet Inc.'s chief accounting officer, Amie Thuener O'toole, sold 682 shares of Alphabet stock for a total value of $114,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission. Alphabet's stock price reached $168.40 during midday trading on Friday. The company recently declared a quarterly dividend of $0.20 per share. Analysts have given the stock a consensus rating of "Buy" with an average target price of $182.86.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares of the company's stock, valued at $5,264,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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Amie Thuener O'toole also recently made the following trade(s):
- 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 value of $125,126.54.
- On Monday, June 3rd, Amie Thuener O'toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $173.86, for a total value of $118,572.52.
Alphabet Stock Performance
Shares of GOOG traded down $4.05 during midday trading on Friday, reaching $168.40. 18,888,030 shares of the stock were exchanged, compared to its average volume of 20,496,857. The business's 50-day moving average price is $180.12 and its 200 day moving average price is $162.57. 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 Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.29 and a beta of 1.05.
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Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results 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 business had revenue of $84.74 billion for the quarter, compared to analysts' expectations of $84.22 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business's revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 7.62 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's dividend payout ratio (DPR) is presently 12.27%.
Analysts Set New Price Targets
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A number of analysts have weighed in on the company. Rosenblatt Securities cut Alphabet from a "buy" rating to a "neutral" rating and set a $181.00 price target on the stock. in a research note on Friday, June 28th. Oppenheimer raised their price target on Alphabet from $205.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Morgan Stanley restated an "overweight" rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. TD Cowen raised their price target on Alphabet from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Finally, Wolfe Research upgraded Alphabet to a "strong-buy" rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $182.86.
Read Our Latest Research Report on GOOG
Hedge Funds Weigh In On Alphabet
Several institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its position in Alphabet by 9.3% in the 1st quarter. Capital International Investors now owns 87,716,562 shares of the information services provider's stock valued at $13,355,724,000 after acquiring an additional 7,470,042 shares during the period. JPMorgan Chase & Co. increased its position in Alphabet by 19.7% in the 1st quarter. JPMorgan Chase & Co. now owns 84,171,721 shares of the information services provider's stock valued at $12,815,986,000 after acquiring an additional 13,876,534 shares during the period. Capital World Investors increased its position in Alphabet by 2.2% in the 1st quarter. Capital World Investors now owns 45,731,826 shares of the information services provider's stock valued at $6,963,128,000 after acquiring an additional 979,083 shares during the period. Capital Research Global Investors increased its position in Alphabet by 2.0% in the 1st quarter. Capital Research Global Investors now owns 35,558,778 shares of the information services provider's stock valued at $5,414,179,000 after acquiring an additional 684,968 shares during the period. Finally, Norges Bank acquired a new position in Alphabet in the 4th quarter valued at about $4,101,040,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Alphabet Company Profile
(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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