Alphabet Inc. [GOOGL] Insider O’Toole Amie Thuener sells 3,749 Shares for $3,749


Alphabet Inc.’s filing revealed that its VP, Chief Accounting Officer O’Toole Amie Thuener unloaded Company’s shares for reported $0.51 million on Sep 05. In the deal valued at $136.28 per share,3,749 shares were sold. As a result of this transaction, O’Toole Amie Thuener now holds 25,568 shares worth roughly $ 3.47 million.

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Then, ARNOLD FRANCES sold 230 shares, generating $31,179 in total proceeds. Upon selling the shares at $135.56, the Director now owns 13,618 shares.

Before that, MATHER ANN sold 220 shares. Alphabet Inc. shares valued at $28,631 were divested by the Director at a price of $130.14 per share. As a result of the transaction, MATHER ANN now holds 4,818 shares, worth roughly $0.65 million.

Wedbush initiated its Alphabet Inc. [GOOGL] rating to an Outperform in a research note published on Tuesday, August 22, 2023; the price target was $160. PT values the company’s stock at a premium of 15.14 to its Tuesday closing price.

Price Performance Review of GOOGL

On Tuesday, Alphabet Inc. [NASDAQ:GOOGL] saw its stock jump 0.08% to $135.77. On the same session, the stock had its day’s lowest price of $134.5801, but rose to a high of $136.42. Over the last five days, the stock has gained 3.63%. Alphabet Inc. shares have risen nearly 53.88% since the year began. Nevertheless, the stocks have risen 23.72% over the past one year. While a 52-week high of $138.00 was reached on 08/31/23, a 52-week low of $83.34 was recorded on 01/06/23. SMA at 50 days reached $126.62, while 200 days put it at $108.67. A total of 19.36 million shares were traded, compared to the trading of 21.54 million shares in the previous session.

Levels Of Support And Resistance For GOOGL Stock

The 24-hour chart illustrates a support level at 134.76, which if violated will result in even more drops to 133.75. On the upside, there is a resistance level at 136.60. A further resistance level may holdings at 137.43. The Relative Strength Index (RSI) on the 14-day chart is 64.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.19%. Stochastics %K at 80.17% indicates the stock is a selling.

How much short interest is there in Alphabet Inc.?

A steep rise in short interest was recorded in Alphabet Inc. stocks on Aug 14, 2023, dropping by -10.65 million shares to a total of 46.17 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 56.82 million shares. There was a decline of -23.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.78% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.44.

Alphabet Inc. [GOOGL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 461,447,965 shares, or roughly 7.78% of the outstanding GOOGL shares. In other words, the investor’s shares have fallen by -131,857 from its previous 13-F filing of 461579822.0. Additionally, BlackRock Fund Advisors decreased -0.11% of its stake after which the total value it holdings stand at $35,279,780,374, while SSgA Funds Management, Inc. added 0.77% of its stake to hold $29.0 billion in the firm. Over the last quarter, Fidelity Management & Research Co purchased 8,530,876 shares of Alphabet Inc., while Geode Capital Management LLC bought 2,731,671 shares. At present, T. Rowe Price Associates, Inc. is holding 104,744,950 shares valued at $13.9 billion. Norges Bank Investment Management owned 94,469,711 shares of the company at the time of its most recent 13F filing, worth $12.54 billion.

According to FactSet, Alphabet Inc.’s share price will average $150.04 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.57 percent from its previous closing price of $135.66. Analysts expect Alphabet Inc. stock to reach the higher price of $200.00, while the lowest price estimate is $121.00. However, 55 analysts have rated GOOGL stock as a Buy in their predictions for 2023.


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