On October 15, 2024, Amie O'Toole, Vice President, Chief Accounting Officer of Alphabet Inc (GOOGL, Financial), sold 2,834 shares of the company. The transaction was executed at a price of $167.23 per share, leading to a total sale amount of $473,917.82. Following this transaction, the insider now owns 24,352 shares of Alphabet Inc, as detailed in the SEC Filing.
Alphabet Inc, the parent company of Google, operates as a technology company globally. The company's main business areas include Google Services, Google Cloud, and Other Bets. Google Services offers products and platforms such as Android, Chrome, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Other Bets includes businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X.
Over the past year, Amie O'Toole has sold a total of 9,082 shares of Alphabet Inc and has not made any purchases of the stock. The insider transaction history for Alphabet Inc shows a trend with 0 insider buys and 24 insider sells over the past year.
Shares of Alphabet Inc were trading at $167.23 on the day of the sale, giving the company a market cap of approximately $2,044.66 billion. The price-earnings ratio of the company stands at 23.74, which is above the industry median of 20.31.
According to the GF Value, the intrinsic value of Alphabet Inc's stock is estimated at $161.51, resulting in a price-to-GF-Value ratio of 1.04. This suggests that the stock is Fairly Valued.
The valuation metrics and insider trading activities provide a snapshot of Alphabet Inc's current financial position and insider confidence. The insider's recent sale contributes to the ongoing trend of insider sells at the company, reflecting transactions over the past year.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
