Key Points
- Alphabet CAO Amie Thuener O'toole sold 2,778 shares on Nov. 17 at an average price of $288.26 for $800,786, leaving her with 11,739 shares — a 19.14% reduction in her stake.
- The Nov. 17 sale is part of a string of recent disposals by O'toole; she has sold a total of 10,241 shares since Sept. 15 across multiple transactions, signaling notable insider selling.
- Alphabet recently beat quarterly estimates (EPS $2.87 vs. $2.29; revenue $102.35B) and declared a quarterly dividend of $0.21 per share payable Dec. 15 (annualized $0.84, ~0.3% yield).
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 2,778 shares of the company's stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $288.26, for a total value of $800,786.28. Following the completion of the transaction, the chief accounting officer owned 11,739 shares of the company's stock, valued at $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Amie Thuener O'toole also recently made the following trade(s):
- On Monday, November 3rd, Amie Thuener O'toole sold 954 shares of Alphabet stock. The stock was sold at an average price of $282.33, for a total transaction of $269,342.82.
- On Wednesday, October 15th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The stock was 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 stock was sold at an average price of $245.00, for a total value of $680,610.00.
Alphabet Price Performance
NASDAQ:GOOGL opened at $292.81 on Thursday. The business's 50-day moving average is $260.23 and its 200 day moving average is $211.57. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $303.81. The company has a market capitalization of $3.53 trillion, a P/E ratio of 28.88, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is presently 8.28%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock worth $91,033,300,000 after purchasing an additional 6,733,278 shares during the last quarter. State Street Corp grew its holdings in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alphabet by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider's stock valued at $24,857,017,000 after acquiring an additional 4,224,497 shares during the period. Norges Bank acquired a new position in shares of Alphabet in the 2nd quarter valued at $21,944,208,000. Finally, Capital World Investors raised its stake in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on GOOGL shares. KeyCorp reiterated an "overweight" rating and issued a $300.00 price target (up previously from $265.00) on shares of Alphabet in a research report on Monday, October 27th. President Capital boosted their price objective on shares of Alphabet from $258.00 to $323.00 and gave the company a "buy" rating in a research report on Thursday, November 6th. BMO Capital Markets set a $294.00 price target on Alphabet and gave the stock an "outperform" rating in a report on Thursday, October 9th. Royal Bank Of Canada restated a "buy" rating on shares of Alphabet in a report on Thursday, October 30th. Finally, Jefferies Financial Group upped their price objective on Alphabet from $285.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $305.33.
Read Our Latest Stock Report on GOOGL
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
