CAO Amie Thuener O'toole Sells Shares of Alphabet Inc.

On April 1st, Amie Thuener O'toole, the Chief Accounting Officer (CAO) of Alphabet Inc. (NASDAQ:GOOGL), executed a sale of 673 shares of the company’s stock. This transaction occurred at an average price of $155.33 per share, resulting in a total sale amount of $104,537.09. Following this sale, O'toole holds a total of 15,303 shares in Alphabet, which are valued at approximately $2,377,014.99. Notably, this sale reflects a 4.21% decrease in her ownership position within the company. Details of the transaction were filed with the Securities and Exchange Commission (SEC) and can be reviewed through the relevant channels.

Amie Thuener O'toole has engaged in several other notable trades recently. For instance, on March 3rd, she sold 1,374 shares at an average price of $173.47, totaling approximately $238,347.78. Earlier, on February 18th, she sold 2,824 shares at an average price of $187.43, amounting to about $529,302.32. On February 3rd, she divested 1,340 shares at an average price of $202.08 for a total value of approximately $270,787.20. Additionally, on January 15th, O'toole sold 2,834 shares at an average price of $194.32, resulting in a transaction value of about $550,702.88. Finally, on January 2nd, she sold 1,368 shares for an average price of $191.55, with a total of $262,040.40.

Stock Performance and Trading Volume

On the same day as O'toole's stock sale, Alphabet's shares traded up by 1.6%, increasing by $2.43 to a price of $157.07 during trading hours. The trading volume for the day reached 30,638,515 shares, which is higher than its average trading volume of 27,398,235. Over the past year, Alphabet's stock has seen a low of $147.22 and a high of $207.05. The company maintains a robust market capitalization of $1.91 trillion, with a price-to-earnings (P/E) ratio of 19.51, and a P/E growth (P/E/G) ratio of 1.34. Alphabet also enjoys a beta of 1.02, showcasing its volatility relative to the market.

Recent Earnings Report

Alphabet last announced its earnings on February 4th, where it reported earnings per share (EPS) of $2.15, surpassing analysts' expectations of $2.12 by $0.03. The company reported a stellar net profit margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet will achieve an EPS of 8.9 in the current fiscal year.

Dividend Information

In addition to the stock sales, Alphabet also declared a quarterly dividend, which was paid to shareholders on March 17th. Shareholders as of March 10th received a dividend of $0.20 per share, making the annualized dividend $0.80 and providing a yield of 0.51%. The company's current payout ratio stands at 9.94%.

Institutional Activity

Recently, several institutional investors have adjusted their stakes in Alphabet. Hobart Private Capital LLC initiated a new position worth around $200,000 in the first quarter. Meanwhile, MassMutual Private Wealth & Trust FSB increased its holdings by 0.5%, now owning 365,438 shares valued at about $56,511,000 after acquiring additional shares. Other firms like Milestone Asset Management Group LLC, Fire Capital Management LLC, and Mascagni Wealth Management Inc. also made new investments in Alphabet during the fourth quarter. Overall, institutional investors and hedge funds currently own approximately 40.03% of Alphabet's shares.

Analysts’ Recommendations

Several analysts have recently evaluated Alphabet shares, with reports indicating a variety of adjustments in ratings. Roth Mkm reaffirmed a "buy" recommendation on Alphabet with a price target of $220.00. Conversely, DZ Bank downgraded its rating from "buy" to "hold," setting a target price of $198.00. Wedbush increased their price objective from $210.00 to $220.00 while giving an "outperform" rating. Analysts from KeyCorp and Piper Sandler also adjusted their targets, with varying outlooks on the stock's performance. Collectively, research indicates a consensus rating of "Moderate Buy" with an average price target of $209.49.

About Alphabet Inc.

Alphabet Inc. is a multinational corporation that operates various platforms and products across multiple regions, including the United States, Europe, and Asia. The company functions through several segments, namely Google Services, Google Cloud, and Other Bets. Its Google Services segment delivers a wide range of products and services that include advertisements, Android devices, Chrome, Gmail, Google Drive, Google Maps, and YouTube.

alphabet, shares, stock, sale, investment