Insider Selling: Alphabet Inc (GOOG) CEO Sells 4,000 Shares of Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the transaction, the chief executive officer now owns 803 shares of the company’s stock, valued at $861,329.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,002.86, for a total value of $4,011,440.00.
  • On Wednesday, November 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,020.69, for a total value of $4,082,760.00.
  • On Wednesday, November 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,018.97, for a total value of $4,075,880.00.
  • On Wednesday, October 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $993.58, for a total value of $3,974,320.00.
  • On Wednesday, October 4th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $958.40, for a total value of $3,833,600.00.

Shares of Alphabet Inc (NASDAQ GOOG) traded down $1.32 during trading on Thursday, reaching $1,063.63. The company’s stock had a trading volume of 974,594 shares, compared to its average volume of 1,488,823. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12-month low of $770.41 and a 12-month high of $1,078.49. The firm has a market capitalization of $741,980.00, a PE ratio of 35.85 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter last year, the firm posted $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the stock. Atlantic Trust Group LLC boosted its position in shares of Alphabet by 2.5% during the third quarter. Atlantic Trust Group LLC now owns 376,654 shares of the information services provider’s stock valued at $361,252,000 after buying an additional 9,303 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Alphabet by 5.5% during the third quarter. Parametric Portfolio Associates LLC now owns 589,536 shares of the information services provider’s stock valued at $565,430,000 after buying an additional 30,522 shares during the last quarter. AXA boosted its position in shares of Alphabet by 6.7% during the third quarter. AXA now owns 267,724 shares of the information services provider’s stock valued at $256,777,000 after buying an additional 16,752 shares during the last quarter. Shelton Capital Management boosted its position in shares of Alphabet by 8.3% during the third quarter. Shelton Capital Management now owns 25,159 shares of the information services provider’s stock valued at $24,130,000 after buying an additional 1,929 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Alphabet by 17.3% during the third quarter. Chicago Partners Investment Group LLC now owns 528 shares of the information services provider’s stock valued at $506,000 after buying an additional 78 shares during the last quarter. 34.64% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on GOOG shares. Bank of America restated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Saturday, September 23rd. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. Finally, Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price for the company. in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,046.24.

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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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