Alphabet Inc. (NASDAQ:GOOGL) CAO Sells $270,787.20 in Stock

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

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 stock was sold at an average price of $194.32, for a total value 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 shares were 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 stock was sold at an average price of $170.41, for a total value of $232,950.47.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $2.79 during midday trading on Monday, reaching $201.23. 27,710,452 shares of the company’s stock traded hands, compared to its average volume of 25,146,285. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $2.46 trillion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.31 and a beta of 0.99. The stock has a 50 day moving average of $188.97 and a 200 day moving average of $174.03. Alphabet Inc. has a one year low of $130.66 and a one year high of $205.48.

Analysts Set New Price Targets

A number of research firms have commented on GOOGL. Roth Mkm raised their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the fourth quarter worth about $30,000. LMR Partners LLP bought a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter valued at $39,000. Finally, PayPay Securities Corp raised its stake in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.