Alphabet Inc. (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $783.62, for a total transaction of $26,119,621.84. Following the completion of the sale, the chief executive officer now directly owns 89,000 shares in the company, valued at $69,742,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lawrence Page also recently made the following trade(s):

  • On Friday, August 19th, Lawrence Page sold 33,340 shares of Alphabet stock. The shares were sold at an average price of $786.99, for a total transaction of $26,238,246.60.
  • On Thursday, August 18th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $791.67, for a total transaction of $26,387,944.44.
  • On Wednesday, August 17th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $788.79, for a total transaction of $26,291,948.28.
  • On Tuesday, August 16th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $789.77, for a total transaction of $26,324,613.64.
  • On Monday, August 15th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $794.76, for a total transaction of $26,490,940.32.
  • On Friday, July 29th, Lawrence Page sold 33,340 shares of Alphabet stock. The shares were sold at an average price of $785.88, for a total transaction of $26,201,239.20.
  • On Thursday, July 28th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $753.39, for a total transaction of $25,111,995.48.
  • On Wednesday, July 27th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $751.51, for a total transaction of $25,049,331.32.
  • On Tuesday, July 26th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $716.51, for a total transaction of $23,882,711.32.
  • On Monday, July 25th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $748.02, for a total transaction of $24,933,002.64.

Alphabet Inc. (NASDAQ:GOOG) opened at 771.41 on Wednesday. The firm’s 50-day moving average is $773.57 and its 200-day moving average is $735.28. Alphabet Inc. has a 12 month low of $589.38 and a 12 month high of $789.87. The stock has a market cap of $530.17 billion, a P/E ratio of 29.89 and a beta of 1.03.

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Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The business earned $21.50 billion during the quarter, compared to the consensus estimate of $20.74 billion. During the same quarter last year, the company earned $6.99 earnings per share. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post $34.29 earnings per share for the current fiscal year.

GOOG has been the subject of a number of research reports. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, July 29th. SunTrust Banks Inc. restated a “buy” rating and issued a $900.00 price objective (up previously from $850.00) on shares of Alphabet in a report on Sunday, July 31st. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $770.61 price objective for the company. in a report on Tuesday, June 21st. Credit Agricole SA restated a “buy” rating and issued a $990.00 price objective (up previously from $970.00) on shares of Alphabet in a report on Sunday, July 31st. Finally, Independent Research GmbH set a $870.00 price objective on shares of Alphabet and gave the company a “neutral” rating in a report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $925.56.

Several hedge funds have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its stake in Alphabet by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 293,997 shares of the company’s stock worth $219,014,000 after buying an additional 6,717 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new position in Alphabet during the first quarter worth approximately $2,123,000. Burns J W & Co. Inc. NY increased its position in Alphabet by 22.3% in the first quarter. Burns J W & Co. Inc. NY now owns 5,686 shares of the company’s stock worth $4,236,000 after buying an additional 1,035 shares in the last quarter. Proficio Capital Partners LLC increased its position in Alphabet by 3.0% in the first quarter. Proficio Capital Partners LLC now owns 3,197 shares of the company’s stock worth $2,382,000 after buying an additional 92 shares in the last quarter. Finally, DnB Asset Management AS increased its position in Alphabet by 2.4% in the first quarter. DnB Asset Management AS now owns 33,929 shares of the company’s stock worth $25,275,000 after buying an additional 780 shares in the last quarter. 34.38% of the stock is owned by institutional investors and hedge funds.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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