Sundar Pichai Sells 22,500 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00.
• On Wednesday, March 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00.
• On Wednesday, March 6th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00.
• On Wednesday, February 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $143.08, for a total transaction of $3,219,300.00.
• On Wednesday, February 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00.

Alphabet Stock Up 0.3 %

NASDAQ:GOOGL opened at $156.01 on Friday. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company’s 50-day simple moving average is $146.16 and its 200-day simple moving average is $140.40.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the business earned $1.05 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Redburn Atlantic boosted their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. UBS Group boosted their price objective on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Truist Financial boosted their price objective on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.97.

Institutional Trading of Alphabet

Institutional investors have recently modified their holdings of the company. Plimoth Trust Co. LLC raised its position in shares of Alphabet by 6.2% in the 1st quarter. Plimoth Trust Co. LLC now owns 69,477 shares of the information services provider’s stock valued at $10,486,000 after purchasing an additional 4,037 shares during the last quarter. Silverlake Wealth Management LLC raised its position in shares of Alphabet by 77.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 4,160 shares of the information services provider’s stock valued at $628,000 after purchasing an additional 1,822 shares during the last quarter. Saxon Interests Inc. raised its position in shares of Alphabet by 11.6% in the 1st quarter. Saxon Interests Inc. now owns 1,958 shares of the information services provider’s stock valued at $296,000 after purchasing an additional 203 shares during the last quarter. Naviter Wealth LLC raised its position in shares of Alphabet by 698.9% in the 1st quarter. Naviter Wealth LLC now owns 40,495 shares of the information services provider’s stock valued at $6,112,000 after purchasing an additional 35,426 shares during the last quarter. Finally, Myecfo LLC raised its position in shares of Alphabet by 7.1% in the 1st quarter. Myecfo LLC now owns 12,444 shares of the information services provider’s stock valued at $1,878,000 after purchasing an additional 820 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.