Insider Selling: Alphabet Inc. (NASDAQ:GOOG) CEO Sells $3,291,525.00 in Stock

Alphabet Inc. (NASDAQ:GOOGGet Free Report) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, January 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00.
  • On Wednesday, January 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00.
  • On Wednesday, December 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $141.43, for a total transaction of $3,182,175.00.

Alphabet Stock Up 2.0 %

Shares of NASDAQ:GOOG opened at $150.22 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52-week low of $88.86 and a 52-week high of $155.20. The business’s 50 day simple moving average is $142.15 and its two-hundred day simple moving average is $136.78. The firm has a market cap of $1.88 trillion, a P/E ratio of 25.90, a PEG ratio of 1.36 and a beta of 1.06.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. Alphabet’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. As a group, research analysts forecast that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Alphabet

Several large investors have recently added to or reduced their stakes in GOOG. Moneta Group Investment Advisors LLC grew its holdings in Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares in the last quarter. FMR LLC boosted its holdings in Alphabet by 3.8% during the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after acquiring an additional 4,348,188 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Alphabet by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 98,217,816 shares of the information services provider’s stock worth $11,846,230,000 after acquiring an additional 882,830 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Alphabet by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Alphabet by 37.6% during the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock valued at $6,368,961,000 after purchasing an additional 19,612,974 shares in the last quarter. Institutional investors own 27.13% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, October 25th. Finally, Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $146.33.

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About Alphabet

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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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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