Key Points
- Insider sale: Alphabet CAO Amie Thuener O'Toole sold 933 shares on Feb. 2 at $336.55 for about $314,001, reducing her stake by 8.6% to 9,916 shares (disclosed in an SEC filing).
- The Feb. 2 sale is part of an ongoing pattern of disposals by O'Toole — she previously sold 2,778 shares on Dec. 15, 954 on Dec. 2 and 2,778 on Nov. 17, totaling 7,443 shares over the recent period.
- Despite the insider selling, major institutions (Vanguard, State Street, Capital World Investors) have been increasing holdings and analysts hold a consensus "Moderate Buy" with a price target near $336.60, while GOOGL traded around $340 and was down ~1.2%.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CAO Amie Thuener O'toole sold 933 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $336.55, for a total transaction of $314,001.15. Following the completion of the sale, the chief accounting officer directly owned 9,916 shares of the company's stock, valued at approximately $3,337,229.80. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Amie Thuener O'toole also recently made the following trade(s):
- On Monday, December 15th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $312.30, for a total value of $867,569.40.
- On Tuesday, December 2nd, Amie Thuener O'toole sold 954 shares of Alphabet stock. The stock was sold at an average price of $317.00, for a total value of $302,418.00.
- On Monday, November 17th, Amie Thuener O'toole sold 2,778 shares of Alphabet stock. The shares were sold at an average price of $288.26, for a total value of $800,786.28.
Alphabet Trading Down 1.2%
GOOGL stock opened at $339.71 on Wednesday. The company has a market capitalization of $4.10 trillion, a PE ratio of 33.50, a P/E/G ratio of 2.08 and a beta of 1.09. The firm's 50-day moving average is $321.05 and its 200 day moving average is $268.37. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.
Institutional Investors Weigh In On Alphabet
Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Vanguard Group Inc. boosted its position in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after buying an additional 12,531,695 shares during the last quarter. State Street Corp lifted its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after acquiring an additional 4,008,374 shares during the period. Geode Capital Management LLC lifted its stake in Alphabet by 3.1% during 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 stake in shares of Alphabet in the second quarter worth $21,944,208,000. Finally, Capital World Investors lifted its holdings in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of recent research reports. President Capital boosted their price objective on shares of Alphabet from $258.00 to $323.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. Moffett Nathanson upped their price objective on Alphabet from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, November 25th. Stifel Nicolaus set a $346.00 price objective on Alphabet and gave the company a "buy" rating in a research report on Friday, January 23rd. Citic Securities boosted their target price on shares of Alphabet from $230.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. Finally, Evercore ISI raised their price target on shares of Alphabet from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $336.60.
Get Our Latest Research Report on GOOGL
Alphabet Company Profile
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Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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