Alphabet Inc (GOOG) CEO Sells $4,508,680.00 in Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the completion of the sale, the chief executive officer now owns 656 shares of the company’s stock, valued at $739,423.52. 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, 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 value of $4,260,840.00.
  • On Wednesday, December 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00.
  • 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 value 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 value 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 value of $4,075,880.00.

Alphabet Inc (NASDAQ:GOOG) opened at $1,129.79 on Friday. The stock has a market cap of $787,430.00, a price-to-earnings ratio of 37.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a 1-year low of $790.52 and a 1-year high of $1,139.91.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Burt Wealth Advisors increased its holdings in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the period. Archford Capital Strategies LLC grew its holdings in Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. grew its holdings in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the period. Finally, WealthTrust Arizona LLC grew its holdings in Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Several brokerages recently issued reports on GOOG. SunTrust Banks boosted their price target on Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Piper Jaffray Companies upped their target price on Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 11th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. Finally, BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,052.31.

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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.

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

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