Alphabet Inc. CAO Amie Thuener O'Toole Sells 673 Shares

On April 1st, Alphabet Inc. (NASDAQ:GOOGL) announced that its Chief Accounting Officer (CAO), Amie Thuener O'Toole, sold 673 shares of the company's stock. The shares were sold at an average price of $155.33 each, totaling approximately $104,537.09 for the entire transaction. Following this sale, O'Toole now holds 15,303 shares of Alphabet, which are valued at around $2,377,014.99. This recent trade reflects a 4.21% decrease in her position.

The details of this transaction have been made available in a legal filing with the Securities and Exchange Commission (SEC).

• Other notable sales by Amie Thuener O'Toole include:

• On March 3rd, she sold 1,374 shares at an average price of $173.47, amounting to $238,347.78.
• On February 18th, she sold 2,824 shares for an average price of $187.43, bringing in $529,302.32.
• On February 3rd, she sold 1,340 shares for an average of $202.08, totaling $270,787.20.
• On January 15th, she completed a sale of 2,834 shares at an average price of $194.32, yielding $550,702.88.
• On January 2nd, she sold 1,368 shares at an average price of $191.55 for $262,040.40.

Current Performance of Alphabet Inc.

On the trading floor on Tuesday, shares of GOOGL increased by $2.43, reaching a new price of $157.07. During the trading session, the company saw a volume of 30,638,515 shares exchanged, exceeding its average of 27,398,235 shares. Over the past 12 months, Alphabet's stock has seen a low of $147.22 and a high of $207.05. Currently, the company boasts a market capitalization of $1.91 trillion, a price-to-earnings (P/E) ratio of 19.51, and a P/E to growth (P/E/G) ratio of 1.34.

Alphabet's Recent Earnings and Dividend Announcements

Alphabet recently shared its quarterly earnings results on February 4th, reporting earnings per share of $2.15, surpassing the consensus estimate of $2.12 by $0.03. The company reported a net margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet will achieve an EPS of 8.9 for the current fiscal year.

The firm also announced a quarterly dividend paid on March 17th, with a record date of March 10th. Shareholders received a dividend payment of $0.20, with an annualized dividend yield of 0.51% and a payout ratio of 9.94%.

Institutional Investment Activity

Recent activity among institutional investors indicates some shifts in the ownership of Alphabet’s shares. For example, Hobart Private Capital LLC acquired a new position in Alphabet shares worth approximately $200,000 during the first quarter. Additionally, MassMutual Private Wealth & Trust FSB increased its stake in the company by 0.5%, now holding 365,438 shares valued at $56,511,000. Other firms, including Milestone Asset Management Group LLC and Fire Capital Management LLC, also bought new stakes in Alphabet during recent quarters. As a result, institutional investors and hedge funds now hold about 40.03% of the company's total shares.

Analyst Ratings Overview

Recent analysis from equity research firms has resulted in various ratings on Alphabet’s stock. For instance, Roth Mkm maintained a "buy" rating with a target price of $220.00. Conversely, DZ Bank adjusted their rating from "buy" to "hold" and set a target of $198.00. Analysts from Wedbush raised their target price from $210.00 to $220.00, deeming it an "outperform" rating. The variations in target prices reflect the market sentiment regarding Alphabet's performance, as ten analysts have rated it as a hold, while twenty-nine provided a "buy" rating and four suggested a strong buy. Overall, Alphabet has a consensus rating classified as "Moderate Buy" with an average price target of $209.49.

Understanding Alphabet Inc.

Alphabet Inc. operates a variety of business segments in the technology sector, primarily involving Google Services, Google Cloud, and Other Bets. The company provides a broad range of products and services that include advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Amid fluctuating market conditions, decisions made by key personnel such as O'Toole emphasize the ongoing activities within Alphabet and how they contribute to the bigger picture of the tech market.

Alphabet, Stock, Sale