Alphabet Inc. (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $785.89, for a total transaction of $26,195,285.48. Following the completion of the sale, the chief executive officer now owns 105,666 shares in the company, valued at $83,041,852.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Monday, September 19th, Lawrence Page sold 33,332 shares of Alphabet stock. The shares were sold at an average price of $783.62, for a total transaction of $26,119,621.84.
  • 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 stock was sold at an average price of $716.51, for a total transaction of $23,882,711.32.

Alphabet Inc. (NASDAQ:GOOG) opened at 776.22 on Thursday. Alphabet Inc. has a 52 week low of $589.38 and a 52 week high of $789.87. The firm has a 50-day moving average of $773.72 and a 200 day moving average of $735.57. The stock has a market capitalization of $533.48 billion, a price-to-earnings ratio of 30.08 and a beta of 1.03.

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

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Alphabet by 9.8% in the second quarter. Nordea Investment Management AB now owns 183,470 shares of the company’s stock worth $126,980,000 after buying an additional 16,342 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Alphabet by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 76,454 shares of the company’s stock worth $52,914,000 after buying an additional 4,102 shares during the last quarter. AXA raised its stake in shares of Alphabet by 3.8% in the first quarter. AXA now owns 290,480 shares of the company’s stock worth $216,393,000 after buying an additional 10,590 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Alphabet by 9.1% in the first quarter. Pictet Asset Management Ltd. now owns 218,770 shares of the company’s stock worth $152,651,000 after buying an additional 18,278 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of Alphabet by 9.2% in the first quarter. Zurich Insurance Group Ltd FI now owns 43,043 shares of the company’s stock worth $32,065,000 after buying an additional 3,610 shares during the last quarter. 34.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. Credit Suisse Group AG reiterated an “outperform” rating and issued a $940.00 target price (up from $920.00) on shares of Alphabet in a research note on Friday, July 29th. Evercore ISI reiterated a “buy” rating and issued a $830.00 target price (down from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Atlantic Securities set a $910.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $760.24 target price for the company in a research note on Monday, June 27th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Thursday, May 26th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $925.56.

About Alphabet

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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