Insider Selling: Alphabet Inc. (NASDAQ:GOOGL) CAO Sells 1,340 Shares of Stock

Alphabet Inc. (NASDAQ:GOOGL) CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Amie Thuener O’toole also recently made the following trade(s):

• On Wednesday, January 15th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88.
• On Thursday, January 2nd, Amie Thuener O’toole sold 1,368 shares of Alphabet stock. The shares were sold at an average price of $191.55, for a total value of $262,040.40.
• On Monday, December 16th, Amie Thuener O’toole sold 2,834 shares of Alphabet stock. The stock was sold at an average price of $197.55, for a total value of $559,856.70.
• On Monday, December 2nd, Amie Thuener O’toole sold 1,367 shares of Alphabet stock. The shares were sold at an average price of $170.41, for a total value of $232,950.47.

Alphabet Stock Performance

Shares of GOOGL opened at $191.33 on Thursday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock’s fifty day moving average price is $190.39 and its two-hundred day moving average price is $174.40. The firm has a market cap of $2.34 trillion, a PE ratio of 25.38, a PEG ratio of 1.31 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. On average, equities research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. Epoch Investment Partners Inc. grew its position in shares of Alphabet by 3.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,530,069 shares of the information services provider’s stock valued at $278,702,000 after purchasing an additional 53,762 shares in the last quarter. Goepper Burkhardt LLC grew its position in Alphabet by 2.8% during the second quarter. Goepper Burkhardt LLC now owns 5,645 shares of the information services provider’s stock worth $1,028,000 after buying an additional 155 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in Alphabet by 14.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 81,116 shares of the information services provider’s stock worth $14,775,000 after acquiring an additional 10,316 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Alphabet by 42.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 200,836 shares of the information services provider’s stock valued at $36,600,000 after acquiring an additional 59,880 shares in the last quarter. Finally, Fernbridge Capital Management LP bought a new stake in shares of Alphabet during the 2nd quarter valued at about $18,002,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GOOGL shares. Roth Mkm lifted their price objective on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup decreased their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Bank of America reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Nine analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $210.95.

Alphabet Company Profile

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.