Sundar Pichai Sells 4,000 Shares of Alphabet Inc (GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total transaction of $4,290,560.00. Following the completion of the transaction, the chief executive officer now owns 803 shares of the company’s stock, valued at approximately $861,329.92. The sale was disclosed in a filing with the SEC, which is available at this link.

Sundar Pichai also recently made the following trade(s):

  • On Wednesday, January 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,065.21, for a total transaction of $4,260,840.00.
  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,002.86, for a total transaction of $4,011,440.00.
  • On Wednesday, November 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,020.69, for a total transaction of $4,082,760.00.
  • On Wednesday, November 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,018.97, for a total transaction of $4,075,880.00.
  • On Wednesday, October 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00.
  • On Wednesday, October 4th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00.

Alphabet Inc (NASDAQ GOOG) traded up $16.74 on Friday, hitting $1,122.26. 1,718,490 shares of the company traded hands, compared to its average volume of 1,380,000. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a twelve month low of $790.52 and a twelve month high of $1,124.29. The firm has a market capitalization of $782,040.00, a PE ratio of 37.38 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period last year, the company earned $9.06 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis.

A number of equities analysts have commented on the stock. Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research report on Wednesday. SunTrust Banks upped their price objective on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,052.31.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC raised its holdings in Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after buying an additional 1 shares during the period. Capital Advantage Inc. raised its holdings in Alphabet by 0.4% in the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after buying an additional 1 shares during the period. Foster & Motley Inc. raised its stake in shares of Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 2 shares during the period. Saratoga Research & Investment Management raised its stake in shares of Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after purchasing an additional 3 shares during the period. Finally, Edge Wealth Management LLC raised its stake in shares of Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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