Insider Selling: Alphabet Inc. (NASDAQ:GOOG) CAO Sells 2,834 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,406,343.27. This trade represents a 0.00 % decrease in their position. The sale 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 Tuesday, October 1st, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $168.84, for a total value of $230,804.28.
• On Tuesday, September 10th, Amie Thuener O’toole sold 2,835 shares of Alphabet stock. The shares were sold at an average price of $151.53, for a total value of $429,587.55.
• On Tuesday, September 3rd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $160.44, for a total value of $109,420.08.
• On Friday, August 2nd, Amie Thuener O’toole sold 682 shares of Alphabet stock. The shares were sold at an average price of $168.00, for a total value of $114,576.00.

Alphabet Price Performance

GOOG stock opened at $166.90 on Wednesday. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31. The firm has a market cap of $2.06 trillion, a P/E ratio of 25.60, a PEG ratio of 1.21 and a beta of 1.04. The stock’s 50 day moving average price is $163.05 and its 200 day moving average price is $169.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share 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 company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on GOOG. Pivotal Research began coverage on Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 target price on the stock. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a research report on Thursday, September 5th. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Scotiabank started coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Finally, Oppenheimer lowered their price target on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.90.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GOOG. Richardson Financial Services Inc. bought a new position in Alphabet in the fourth quarter worth about $34,000. Abich Financial Wealth Management LLC grew its position in Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after buying an additional 184 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Alphabet during the 2nd quarter worth approximately $37,000. HWG Holdings LP purchased a new position in Alphabet during the 2nd quarter worth approximately $40,000. Finally, Slocum Gordon & Co LLP acquired a new stake in shares of Alphabet during the 2nd quarter valued at $44,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

About Alphabet

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.