Alphabet Inc. (NASDAQ:GOOG) CEO Sells $3,541,725.00 in Stock

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00.
• On Wednesday, March 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00.
• On Wednesday, March 6th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00.
• On Wednesday, February 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $143.08, for a total value of $3,219,300.00.
• On Wednesday, February 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00.

Alphabet Stock Up 0.6 %

Alphabet stock traded up $0.88 during trading hours on Wednesday, hitting $156.88. The stock had a trading volume of 16,224,313 shares, compared to its average volume of 22,339,227. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $103.27 and a 12-month high of $161.70. The stock’s 50-day moving average price is $146.95 and its 200-day moving average price is $141.51.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna raised their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Morgan Stanley restated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Raymond James lifted their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $159.86.

Institutional Trading of Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tandem Wealth Advisors LLC bought a new stake in Alphabet during the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $26,000. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at about $26,000. HWG Holdings LP acquired a new position in Alphabet in the 2nd quarter worth approximately $26,000. Finally, Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $28,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.