Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Amie Thuener O'toole also recently made the following trade(s):
Shares of Alphabet stock traded up $2.54 on Monday, hitting $171.49. The stock had a trading volume of 23,062,387 shares, compared to its average volume of 27,147,238. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.10 trillion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.20 and a beta of 1.03. The company's 50 day moving average price is $168.47 and its 200 day moving average price is $170.31.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the business earned $1.55 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
Several institutional investors have recently added to or reduced their stakes in GOOGL. Beaird Harris Wealth Management LLC increased its position in Alphabet by 15.3% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,763 shares of the information services provider's stock worth $458,000 after purchasing an additional 366 shares during the period. American Trust increased its position in Alphabet by 156.0% during the 3rd quarter. American Trust now owns 24,429 shares of the information services provider's stock worth $4,052,000 after purchasing an additional 14,886 shares during the period. Asset Advisors Investment Management LLC increased its position in Alphabet by 1.3% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 126,306 shares of the information services provider's stock worth $20,948,000 after purchasing an additional 1,574 shares during the period. Wilmington Savings Fund Society FSB increased its position in Alphabet by 226.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 236,632 shares of the information services provider's stock worth $39,245,000 after purchasing an additional 164,194 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in Alphabet during the 3rd quarter worth approximately $6,673,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Several equities analysts have recently weighed in on GOOGL shares. Bank of America raised their target price on Alphabet from $206.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Alphabet from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Cantor Fitzgerald reiterated a "neutral" rating and set a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.90.
Read Our Latest Report on GOOGL
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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