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 dated Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total transaction of $3,879,680.00. Following the transaction, the chief executive officer now owns 1,536 shares of the company’s stock, valued at approximately $1,489,797.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, July 5th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $903.86, for a total transaction of $3,615,440.00.
  • On Wednesday, June 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $955.25, for a total transaction of $3,821,000.00.
  • On Wednesday, June 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $981.45, for a total transaction of $3,925,800.00.
  • On Wednesday, May 17th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $937.92, for a total transaction of $3,751,680.00.
  • On Wednesday, May 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $915.16, for a total transaction of $3,660,640.00.

Shares of Alphabet Inc. (GOOG) opened at 968.15 on Friday. The firm has a market capitalization of $669.72 billion, a price-to-earnings ratio of 32.72 and a beta of 0.94. The company’s 50-day moving average is $948.07 and its 200 day moving average is $874.98. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.38 by $0.35. The firm had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $24.18 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $7.50 earnings per share. Analysts anticipate that Alphabet Inc. will post $33.97 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $980.00 price target on shares of Alphabet in a research report on Monday, March 27th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Monday, May 29th. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $907.74 price target for the company in a research report on Wednesday, May 17th. Aegis restated a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Finally, Societe Generale reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $994.64.

A number of hedge funds have recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares in the last quarter. Empirical Finance LLC bought a new stake in Alphabet during the fourth quarter valued at about $115,000. Farmers National Bank boosted its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares in the last quarter. Finally, Pacific Center for Financial Services bought a new stake in Alphabet during the fourth quarter valued at about $142,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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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