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

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $762.78, for a total value of $3,051,120.00. Following the completion of the sale, the chief executive officer now owns 2,938 shares in the company, valued at approximately $2,241,047.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 16th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $756.63, for a total value of $3,026,520.00.
  • On Wednesday, November 2nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $780.38, for a total value of $3,121,520.00.
  • On Wednesday, October 19th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $801.27, for a total value of $3,205,080.00.
  • On Wednesday, October 5th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $781.81, for a total value of $3,127,240.00.
  • On Wednesday, September 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $775.34, for a total value of $3,101,360.00.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 771.19 on Thursday. Alphabet Inc. has a 1-year low of $663.06 and a 1-year high of $816.68. The stock has a market capitalization of $531.53 billion, a P/E ratio of 28.23 and a beta of 0.94. The company has a 50 day moving average price of $774.51 and a 200-day moving average price of $754.82.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $9.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.62 by $0.44. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The firm had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter in the prior year, the firm posted $7.35 earnings per share. Alphabet’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet Inc. will post $34.44 EPS for the current fiscal year.

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

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A number of hedge funds have recently made changes to their positions in GOOG. First Heartland Consultants Inc. boosted its stake in shares of Alphabet by 69.3% in the third quarter. First Heartland Consultants Inc. now owns 1,547 shares of the company’s stock valued at $1,202,000 after buying an additional 633 shares during the last quarter. Accident Compensation Corp boosted its stake in shares of Alphabet by 49.9% in the third quarter. Accident Compensation Corp now owns 3,306 shares of the company’s stock valued at $2,570,000 after buying an additional 1,100 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of Alphabet by 3.0% in the third quarter. HighPoint Advisor Group LLC now owns 1,767 shares of the company’s stock valued at $1,363,000 after buying an additional 51 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Alphabet by 17.2% in the third quarter. ETRADE Capital Management LLC now owns 7,028 shares of the company’s stock valued at $5,463,000 after buying an additional 1,032 shares during the last quarter. Finally, Edmond DE Rothschild Monaco purchased a new stake in shares of Alphabet during the third quarter valued at about $288,000. Hedge funds and other institutional investors own 34.27% of the company’s stock.

GOOG has been the subject of a number of analyst reports. Goldman Sachs Group Inc. set a $970.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, October 28th. Atlantic Securities reissued a “buy” rating on shares of Alphabet in a report on Friday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $925.00 price target (up from $900.00) on shares of Alphabet in a report on Friday, October 28th. JMP Securities set a $985.00 price target on Alphabet and gave the company a “neutral” rating in a report on Friday, October 28th. Finally, Nomura set a $950.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $940.28.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

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