Insider Selling: O’Toole Amie Thuener, Alphabet Inc. [GOOG] VP, Chief Accounting Officer divested 637 shares


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alphabet Inc. shares valued at $57,426 were sold by O’Toole Amie Thuener on Mar 01. At $90.15 per share, O’Toole Amie Thuener sold 637 shares. The insider’s holdings dropped to 25,442 shares worth approximately $2.41 million following the completion of this transaction.

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Also, MATHER ANN sold 380 shares, netting a total of over 34,219 in proceeds. Following the sale of shares at $90.05 each, the insider now holds 11,300 shares.

Before that, O’Toole Amie Thuener had sold 637 shares from its account. In a trade valued at $63,617, the VP, Chief Accounting Officer traded Alphabet Inc. shares for $99.87 each. Upon closing the transaction, the insider’s holdings decreased to 637 shares, worth approximately $2.39 million.

As published in a research note from BofA Securities on January 31, 2023, Alphabet Inc. [GOOG] has been retained to a Buy and the price target has been revised to $119. This represents a 20.46% premium over Wednesday’s closing price. Analysts at Credit Suisse resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of July 18, 2022, MKM Partners has reiterated its “Buy” rating for GOOG. Earlier on July 13, 2022, Cowen resumed its rating. Their recommendation was “an Outperform” for GOOG stock.

Analyzing GOOG Stock Performance

On Wednesday, Alphabet Inc. [NASDAQ: GOOG] rose 0.51% to $94.65. The stock’s lowest price that day was $94.405, but it reached a high of $96.24 in the same session. During the last five days, there has been a surge of approximately 4.57%. Over the course of the year, Alphabet Inc. shares have jumped approximately 6.67%. Shares of the company reached a 52-week high of $108.82 on 02/02/23 and a 52-week low of $85.57 on 01/06/23. A 50-day SMA is recorded $94.46, while a 200-day SMA reached $102.89. Nevertheless, trading volume fell to 25.31 million shares from 24.1 million shares the previous day.

Support And Resistance Levels for Alphabet Inc. (GOOG)

According to the 24-hour chart, there is a support level at 93.96, which, if violated, would cause prices to drop to 93.26. In the upper region, resistance lies at 95.79. The next price resistance is at 96.93. RSI (Relative Strength Index) is 50.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.21, which suggests the price will increase in the coming days. Percent R is at 35.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Alphabet Inc. subject to short interest?

Stocks of Alphabet Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.54 million shares to 32.36 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 31.82 million shares. A jump of 1.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.23 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.23.

Which companies own the most shares of Alphabet Inc. (GOOG)?

According to The Vanguard Group, Inc. filings, the company currently owns 400,179,062 shares, which is about 6.58% of the total GOOG shares outstanding. The investor’s shares have appreciated by 389,892 from its previous 13-F filing of 399789170.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $23,954,565,729. SSgA Funds Management, Inc. reduced a -1.12% interest valued at $19.44 billion while T. Rowe Price Associates, Inc. sold a -51,454,644 stake. A total of -15,031,836 shares of Alphabet Inc. were sold by Fidelity Management & Research Co during the quarter, and 988,569 were bought by Geode Capital Management LLC. In its current portfolio, Capital Research & Management Co holds 70,652,061 shares valued at $7.06 billion.


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