Alphabet Inc (GOOG) CEO Sundar Pichai Sells 10,000 Shares

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $1,073.27, for a total value of $10,732,700.00. Following the completion of the transaction, the chief executive officer now owns 844 shares in the company, valued at approximately $905,839.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Wednesday, October 17th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,113.91, for a total value of $11,139,100.00.
  • On Wednesday, October 3rd, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,200.04, for a total value of $12,000,400.00.
  • On Wednesday, September 19th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,160.42, for a total value of $11,604,200.00.
  • On Wednesday, September 5th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,192.12, for a total value of $11,921,200.00.
  • On Wednesday, August 15th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,230.21, for a total value of $12,302,100.00.

Shares of NASDAQ GOOG traded down $16.67 during trading on Friday, hitting $1,065.73. 86,605 shares of the company were exchanged, compared to its average volume of 2,227,757. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $734.71 billion, a PE ratio of 23.76 and a beta of 1.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The business had revenue of $27.16 billion for the quarter.

A number of research analysts have weighed in on the company. Raymond James restated an “outperform” rating and issued a $1,405.00 price objective (up previously from $1,240.00) on shares of Alphabet in a report on Tuesday, July 24th. Oppenheimer raised their price objective on Alphabet from $1,350.00 to $1,450.00 and gave the company an “outperform” rating in a report on Tuesday, July 24th. BidaskClub lowered Alphabet from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a report on Monday, July 16th. Finally, Barclays restated a “buy” rating on shares of Alphabet in a report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,301.81.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Alphabet by 1.3% in the 3rd quarter. BlackRock Inc. now owns 19,492,447 shares of the information services provider’s stock valued at $23,263,651,000 after buying an additional 246,674 shares during the period. Summit Trail Advisors LLC raised its holdings in Alphabet by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after buying an additional 18,665,638 shares during the period. Northern Trust Corp raised its holdings in Alphabet by 0.6% in the 2nd quarter. Northern Trust Corp now owns 4,038,140 shares of the information services provider’s stock valued at $4,505,150,000 after buying an additional 22,736 shares during the period. Bank of New York Mellon Corp raised its holdings in Alphabet by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,757,168 shares of the information services provider’s stock valued at $4,484,069,000 after buying an additional 112,573 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Alphabet by 1.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,381,025 shares of the information services provider’s stock valued at $4,035,524,000 after buying an additional 45,174 shares during the period. Institutional investors and hedge funds own 34.16% of the company’s stock.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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