Sundar Pichai Sells 4,000 Shares of Alphabet Inc (GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $1,018.01, for a total value of $4,072,040.00. Following the transaction, the chief executive officer now directly owns 967 shares in the company, valued at $984,415.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, January 17th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00.
  • On Wednesday, January 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00.
  • On Wednesday, December 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00.
  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were 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 shares were sold at an average price of $1,020.69, for a total value of $4,082,760.00.

Shares of Alphabet Inc (NASDAQ GOOG) traded up $36.26 during trading on Friday, hitting $1,037.78. The stock had a trading volume of 3,504,134 shares, compared to its average volume of 1,856,609. The firm has a market cap of $723,270.00, a price-to-earnings ratio of 57.78 and a beta of 1.01. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. Alphabet Inc has a fifty-two week low of $803.37 and a fifty-two week high of $1,186.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period in the previous year, the business posted $9.36 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis.

Alphabet declared that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

GOOG has been the topic of a number of research analyst reports. Pivotal Research raised their price target on Alphabet from $940.00 to $970.00 and gave the company a “hold” rating in a report on Thursday, October 12th. Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirty-five have assigned a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,061.56.

Several hedge funds have recently modified their holdings of GOOG. Stuart Chaussee & Associates Inc. raised its stake in shares of Alphabet by 108.3% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 52 shares in the last quarter. Burt Wealth Advisors increased its position in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC increased its position in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the period. Price Wealth Management Inc. bought a new position in Alphabet in the 4th quarter worth approximately $125,000. Finally, Archford Capital Strategies LLC increased its position in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after buying an additional 832 shares during the period. 34.64% of the stock is currently owned by institutional investors and hedge funds.

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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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