Key Points
- Amie Thuener O'toole, Alphabet's Chief Accounting Officer, sold 954 shares at an average price of $282.33, reducing her holdings by 6.17% to approximately $4.1 million.
- Alphabet reported a strong quarterly earnings performance with an EPS of $2.87, surpassing the consensus estimate of $2.29, alongside revenue of $102.35 billion.
- Several analysts have upgraded their target prices for Alphabet, with DA Davidson raising it to $300, while Canaccord Genuity lifted it to $330, reflecting a positive market outlook.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 954 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the transaction, the chief accounting officer owned 14,517 shares in the company, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Amie Thuener O'toole also recently made the following trade(s):
- On Wednesday, October 15th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90.
- On Wednesday, October 1st, Amie Thuener O'toole sold 953 shares of Alphabet stock. The shares were sold at an average price of $241.20, for a total transaction of $229,863.60.
- On Monday, September 15th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00.
Alphabet Stock Performance
GOOGL opened at $277.54 on Wednesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $291.59. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.36 trillion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm's 50-day moving average price is $246.91 and its 200-day moving average price is $202.13.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GOOGL has been the topic of a number of recent research reports. DA Davidson upped their target price on Alphabet from $190.00 to $300.00 and gave the company a "neutral" rating in a research report on Thursday, October 30th. Robert W. Baird upped their target price on Alphabet from $215.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. HSBC upped their target price on Alphabet from $295.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Piper Sandler reiterated an "overweight" rating and issued a $330.00 target price (up previously from $285.00) on shares of Alphabet in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group upped their target price on Alphabet from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.09.
View Our Latest Stock Analysis on Alphabet
Institutional Investors Weigh In On Alphabet
Several hedge funds have recently bought and sold shares of GOOGL. Norges Bank purchased a new stake in Alphabet in the 2nd quarter worth approximately $21,944,208,000. Nuveen LLC acquired a new position in shares of Alphabet during the 1st quarter worth approximately $4,317,606,000. Laurel Wealth Advisors LLC raised its stake in shares of Alphabet by 17,667.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider's stock worth $2,686,640,000 after buying an additional 15,159,273 shares during the period. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after buying an additional 14,307,345 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Alphabet by 51.7% during the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider's stock worth $5,607,232,000 after buying an additional 10,843,853 shares during the period. Hedge funds and other institutional investors own 40.03% 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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