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

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $937.92, for a total value of $3,751,680.00. Following the completion of the sale, the chief executive officer now owns 1,830 shares of the company’s stock, valued at $1,716,393.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, May 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $915.16, for a total value of $3,660,640.00.
  • On Wednesday, April 19th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $841.50, for a total value of $3,366,000.00.
  • On Wednesday, April 5th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $837.31, for a total value of $3,349,240.00.
  • On Wednesday, March 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $849.50, for a total value of $3,398,000.00.
  • 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 value 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 value of $3,321,880.00.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at 930.24 on Friday. Alphabet Inc has a 12-month low of $663.28 and a 12-month high of $943.11. The firm has a market cap of $643.49 billion, a price-to-earnings ratio of 31.43 and a beta of 0.94. The company has a 50 day moving average of $877.17 and a 200-day moving average of $820.39. Alphabet also was the recipient of some unusual options trading activity on Wednesday. Investors acquired 1,932 put options on the company. This is an increase of approximately 105% compared to the typical daily volume of 942 put options.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, beating analysts’ consensus estimates of $7.38 by $0.35. The firm had revenue of $24.75 billion for the quarter, compared to analyst estimates of $24.18 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.50 EPS. Analysts predict that Alphabet Inc will post $33.88 EPS for the current year.

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

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Large investors have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC raised its stake in Alphabet by 0.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 136 shares of the information services provider’s stock valued at $112,000 after buying an additional 1 shares during the last quarter. Founders Capital Management acquired a new stake in Alphabet during the first quarter valued at approximately $116,000. Quantbot Technologies LP raised its stake in Alphabet by 550.0% in the first quarter. Quantbot Technologies LP now owns 143 shares of the information services provider’s stock valued at $118,000 after buying an additional 121 shares during the last quarter. Jacobus Wealth Management Inc. acquired a new stake in Alphabet during the first quarter valued at approximately $119,000. Finally, Empirical Finance LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $115,000. 34.74% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Pivotal Research reiterated a “hold” rating and issued a $950.00 price target on shares of Alphabet in a research note on Monday, March 27th. Credit Suisse Group AG boosted their price target on Alphabet from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Needham & Company LLC boosted their price target on Alphabet from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $891.70 price objective for the company in a research report on Monday, March 20th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, January 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $968.80.

About Alphabet

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.

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