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

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $1,092.73, for a total value of $4,370,920.00. Following the completion of the transaction, the chief executive officer now owns 628 shares in the company, valued at approximately $686,234.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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  • On Wednesday, March 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,089.48, for a total value of $4,357,920.00.
  • On Wednesday, February 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,106.68, for a total value of $4,426,720.00.
  • On Friday, February 9th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,018.01, for a total value of $4,072,040.00.
  • On Wednesday, January 17th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00.
  • 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.

Shares of Alphabet stock traded down $34.33 during trading on Thursday, reaching $1,056.55. The company had a trading volume of 1,982,121 shares, compared to its average volume of 1,792,406. Alphabet Inc has a 1-year low of $803.37 and a 1-year high of $1,186.89. The firm has a market cap of $762,670.25, a price-to-earnings ratio of 58.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same period in the prior year, the business posted $9.36 EPS. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year.

Alphabet announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Alphabet by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after purchasing an additional 589,654 shares during the last quarter. BlackRock Inc. increased its position in shares of Alphabet by 0.4% during the 4th quarter. BlackRock Inc. now owns 18,718,488 shares of the information services provider’s stock worth $19,587,026,000 after purchasing an additional 71,862 shares during the last quarter. FMR LLC boosted its stake in shares of Alphabet by 0.4% during the 2nd quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after acquiring an additional 62,507 shares during the period. Capital World Investors boosted its stake in shares of Alphabet by 13.9% during the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Alphabet by 3.2% during the 2nd quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock worth $4,528,593,000 after acquiring an additional 155,151 shares during the period. 34.84% of the stock is currently owned by institutional investors and hedge funds.

GOOG has been the topic of several recent research reports. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,172.75 price target on the stock in a report on Monday. SunTrust Banks raised their price target on Alphabet to $1,250.00 and gave the company a “buy” rating in a report on Friday, January 12th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, January 12th. Finally, Morningstar restated a “neutral” rating on shares of Alphabet in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-six have issued a buy rating to the stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,073.56.

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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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