Alphabet Inc (GOOG) CEO Sells $4,072,040.00 in Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $1,018.01, for a total transaction of $4,072,040.00. Following the sale, the chief executive officer now directly owns 967 shares of the company’s stock, valued at approximately $984,415.67. 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, 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 transaction 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 transaction of $4,260,840.00.
  • On Wednesday, December 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,072.64, for a total transaction of $4,290,560.00.
  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,002.86, for a total transaction of $4,011,440.00.
  • On Wednesday, November 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00.

Alphabet Inc (NASDAQ GOOG) opened at $1,037.78 on Friday. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $750,340.00, a P/E ratio of 57.78 and a beta of 1.01. Alphabet Inc has a 52-week low of $803.37 and a 52-week high of $1,186.89.

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

Alphabet declared that its board has approved a share repurchase plan on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,054.53 target price for the company in a report on Monday. BidaskClub lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Piper Jaffray Companies reissued an “overweight” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,061.93.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its position in Alphabet by 2.2% in the fourth quarter. First Republic Investment Management Inc. now owns 109,191 shares of the information services provider’s stock worth $114,257,000 after buying an additional 2,377 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in Alphabet by 5.2% in the fourth quarter. Mawer Investment Management Ltd. now owns 359,172 shares of the information services provider’s stock worth $375,849,000 after buying an additional 17,841 shares during the last quarter. Alexandria Capital LLC lifted its position in Alphabet by 7,712.0% in the fourth quarter. Alexandria Capital LLC now owns 6,484 shares of the information services provider’s stock worth $6,785,000 after buying an additional 6,401 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in Alphabet by 2.5% in the fourth quarter. Alpha Cubed Investments LLC now owns 3,199 shares of the information services provider’s stock worth $3,347,000 after buying an additional 78 shares during the last quarter. Finally, GM Advisory Group Inc. lifted its position in Alphabet by 10.3% in the fourth quarter. GM Advisory Group Inc. now owns 1,959 shares of the information services provider’s stock worth $2,050,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 34.64% of the company’s stock.

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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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