Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total value of $3,707,160.00. Following the sale, the chief executive officer now directly owns 1,389 shares of the company’s stock, valued at $1,287,311.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, August 2nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $930.46, for a total value of $3,721,840.00.
  • On Wednesday, July 19th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00.
  • On Wednesday, July 5th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00.
  • On Wednesday, June 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $955.25, for a total value of $3,821,000.00.
  • On Wednesday, June 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $981.45, for a total value of $3,925,800.00.

Alphabet Inc (GOOG) traded up 0.51% during trading on Wednesday, hitting $926.96. The stock had a trading volume of 1,006,711 shares. Alphabet Inc has a 1-year low of $727.54 and a 1-year high of $988.25. The firm has a 50 day moving average price of $934.56 and a 200-day moving average price of $891.60. The firm has a market capitalization of $642.27 billion, a PE ratio of 33.59 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 13.55% and a return on equity of 9.64%. The company had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. During the same quarter last year, the business posted $8.42 EPS. Alphabet’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts expect that Alphabet Inc will post $30.59 EPS for the current year.

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Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter valued at about $2,128,163,000. Adviser Investments LLC bought a new stake in shares of Alphabet during the first quarter valued at about $1,276,000. Farmers & Merchants Investments Inc. raised its stake in shares of Alphabet by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,464 shares of the information services provider’s stock valued at $4,533,000 after buying an additional 18 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Alphabet during the fourth quarter valued at about $7,718,000. Finally, Empire Life Investments Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at about $29,032,000. Institutional investors own 34.57% of the company’s stock.

GOOG has been the subject of a number of analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday, June 26th. Instinet reaffirmed a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research note on Wednesday, April 26th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,031.10.

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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