Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $775.34, for a total value of $3,101,360.00. Following the sale, the chief executive officer now directly owns 3,003 shares of the company’s stock, valued at $2,328,346.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, September 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $782.62, for a total value of $3,130,480.00.
  • On Wednesday, August 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $769.93, for a total value of $3,079,720.00.
  • On Wednesday, July 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $739.21, for a total value of $2,956,840.00.
  • On Wednesday, July 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $690.94, for a total value of $2,763,760.00.

Alphabet Inc. (NASDAQ:GOOG) opened at 776.22 on Thursday. The company has a market cap of $533.48 billion, a PE ratio of 30.08 and a beta of 1.03. Alphabet Inc. has a 1-year low of $589.38 and a 1-year high of $789.87. The stock has a 50 day moving average price of $773.72 and a 200 day moving average price of $735.57.

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

Hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Alphabet during the second quarter worth approximately $121,000. Whitnell & Co. increased its stake in shares of Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock worth $129,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. increased its stake in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock worth $145,000 after buying an additional 200 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of Alphabet by 7.2% in the second quarter. Pathstone Family Office LLC now owns 222 shares of the company’s stock worth $154,000 after buying an additional 15 shares in the last quarter. Finally, Cacti Asset Management LLC purchased a new stake in shares of Alphabet during the second quarter worth approximately $159,000. Hedge funds and other institutional investors own 34.38% of the company’s stock.

GOOG has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Thursday, May 26th. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $814.06 target price for the company. in a report on Monday, May 30th. Robert W. Baird reissued an “outperform” rating and issued a $860.00 target price on shares of Alphabet in a report on Friday, June 3rd. Maxim Group reissued an “overweight” rating and issued a $850.00 target price (down previously from $865.00) on shares of Alphabet in a report on Wednesday, June 8th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $900.00 target price on shares of Alphabet in a report on Saturday, June 18th. Two research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $925.56.

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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