Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai Sells 32,500 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alphabet Price Performance

GOOG stock opened at $147.74 on Friday. The business has a 50 day moving average price of $177.04 and a 200 day moving average price of $178.30. Alphabet Inc. has a fifty-two week low of $147.54 and a fifty-two week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. Alphabet’s payout ratio is currently 9.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.65.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its holdings in Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after purchasing an additional 1,041 shares during the last quarter. North Forty Two & Co. acquired a new position in shares of Alphabet during the 4th quarter worth $281,000. Coldstream Capital Management Inc. boosted its position in shares of Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock worth $19,642,000 after buying an additional 14,738 shares in the last quarter. Requisite Capital Management LLC acquired a new stake in Alphabet in the 4th quarter valued at about $927,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in Alphabet by 44.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,032,476 shares of the information services provider’s stock valued at $172,620,000 after acquiring an additional 316,674 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

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.