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

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $849.50, for a total transaction of $3,398,000.00. Following the completion of the transaction, the chief executive officer now owns 2,123 shares in the company, valued at approximately $1,803,488.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, March 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $830.96, for a total transaction of $3,323,840.00.
  • On Wednesday, February 22nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $830.47, for a total transaction of $3,321,880.00.
  • On Wednesday, February 8th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $809.21, for a total transaction of $3,236,840.00.
  • On Wednesday, January 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $808.06, for a total transaction of $3,232,240.00.
  • On Wednesday, January 4th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $790.38, for a total transaction of $3,161,520.00.
  • On Wednesday, December 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $797.70, for a total transaction of $3,190,800.00.

Alphabet Inc (NASDAQ:GOOG) opened at 848.40 on Tuesday. The firm has a market capitalization of $586.60 billion, a price-to-earnings ratio of 30.43 and a beta of 0.94. The stock has a 50 day moving average of $824.43 and a 200 day moving average of $793.16. Alphabet Inc has a 12-month low of $663.28 and a 12-month high of $853.40.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, January 26th. The company reported $9.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. The business earned $26.04 billion during the quarter, compared to the consensus estimate of $25.18 billion. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.67 earnings per share. Equities research analysts anticipate that Alphabet Inc will post $33.36 earnings per share for the current year.

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

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Several equities analysts recently weighed in on the stock. Pivotal Research lowered shares of Alphabet from a “buy” rating to a “hold” rating and reduced their target price for the company from $970.00 to $950.00 in a report on Monday. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $891.70 target price on the stock in a report on Monday. Canaccord Genuity restated a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Wednesday, December 21st. BMO Capital Markets restated an “outperform” rating and set a $1,005.00 target price on shares of Alphabet in a report on Friday, March 3rd. Finally, MKM Partners restated a “buy” rating and set a $1,000.00 target price (up previously from $935.00) on shares of Alphabet in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $960.20.

Several hedge funds have recently bought and sold shares of GOOG. Alpha Windward LLC increased its stake in Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock valued at $173,000 after buying an additional 2 shares in the last quarter. SignalPoint Asset Management LLC increased its stake in Alphabet by 0.3% in the third quarter. SignalPoint Asset Management LLC now owns 1,025 shares of the company’s stock valued at $797,000 after buying an additional 3 shares in the last quarter. Peoples Financial Services CORP. increased its stake in Alphabet by 0.3% in the third quarter. Peoples Financial Services CORP. now owns 1,450 shares of the company’s stock valued at $1,127,000 after buying an additional 4 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in Alphabet by 1.3% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 314 shares of the company’s stock valued at $244,000 after buying an additional 4 shares in the last quarter. Finally, Trust Department MB Financial Bank N A increased its stake in Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares in the last quarter. 34.74% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:GOOG

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