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

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $1,077.94, for a total transaction of $4,311,760.00. Following the sale, the chief executive officer now directly owns 601 shares in the company, valued at approximately $647,841.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, May 2nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,028.83, for a total transaction of $4,115,320.00.
  • On Wednesday, April 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,077.67, for a total transaction of $4,310,680.00.
  • On Wednesday, April 4th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $993.80, for a total transaction of $3,975,200.00.
  • On Wednesday, March 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,092.73, for a total transaction of $4,370,920.00.
  • On Wednesday, March 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,089.48, for a total transaction of $4,357,920.00.
  • On Wednesday, February 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,106.68, for a total transaction of $4,426,720.00.

GOOG opened at $1,078.59 on Friday. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02. Alphabet Inc. has a fifty-two week low of $1,076.38 and a fifty-two week high of $1,088.16. The stock has a market capitalization of $750.01 billion, a P/E ratio of 33.65 and a beta of 1.09.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.28 by $0.65. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The company had revenue of $31.15 billion for the quarter, compared to analyst estimates of $30.28 billion. During the same quarter in the prior year, the business posted $7.73 EPS. The firm’s revenue was up 25.8% compared to the same quarter last year.

Alphabet announced that its board has authorized a share buyback program on Thursday, February 1st that allows the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

GOOG has been the topic of a number of research analyst reports. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,172.75 price target on the stock in a research report on Monday, March 19th. Morningstar reaffirmed a “neutral” rating on shares of Alphabet in a research report on Friday, January 19th. Pivotal Research cut their price target on shares of Alphabet from $1,110.00 to $1,040.00 and set a “hold” rating on the stock in a research report on Monday, April 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, April 20th. Finally, BidaskClub cut shares of Alphabet from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 21st. Five investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $1,130.86.

Several institutional investors and hedge funds have recently bought and sold shares of GOOG. Stuart Chaussee & Associates Inc. increased its stake in 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 buying an additional 52 shares during the last quarter. Smart Portfolios LLC purchased a new stake in Alphabet in the 1st quarter valued at about $103,000. Braun Bostich & Associates Inc. purchased a new stake in Alphabet in the 1st quarter valued at about $107,000. Litman Gregory Asset Management LLC purchased a new stake in Alphabet in the 1st quarter valued at about $113,000. Finally, Price Wealth Management Inc. purchased a new stake in Alphabet in the 4th quarter valued at about $125,000. Institutional investors own 34.78% of the company’s stock.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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

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