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

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $1,018.01, for a total transaction of $4,072,040.00. Following the transaction, the chief executive officer now 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 available at this hyperlink.

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $4,082,760.00.

Alphabet Inc (GOOG) opened at $1,037.78 on Friday. The stock has a market capitalization of $724,120.00, a price-to-earnings ratio of 57.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc has a one year low of $803.37 and a one year high of $1,186.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.37). The firm had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm earned $9.36 EPS.

Alphabet declared that its board has initiated a stock repurchase program on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in GOOG. Perennial Advisors LLC raised its stake in Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after purchasing an additional 260 shares during the last quarter. Rothschild Capital Partners LLC acquired a new position in Alphabet in the 3rd quarter valued at about $3,161,000. One Capital Management LLC raised its stake in Alphabet by 5.0% in the 2nd quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock valued at $2,920,000 after purchasing an additional 154 shares during the last quarter. Northeast Investment Management raised its stake in Alphabet by 4.4% in the 2nd quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after purchasing an additional 537 shares during the last quarter. Finally, Taurus Asset Management LLC raised its stake in Alphabet by 0.9% in the 2nd quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock valued at $23,591,000 after purchasing an additional 220 shares during the last quarter. 34.64% of the stock is owned by institutional investors and hedge funds.

GOOG has been the topic of a number of analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, SunTrust Banks lifted their price objective on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,061.93.

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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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