Alphabet Inc. (GOOG) Insider Sergey Brin Sells 33,340 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG) insider Sergey Brin sold 33,340 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $773.93, for a total value of $25,802,826.20. Following the transaction, the insider now directly owns 16,670 shares of the company’s stock, valued at approximately $12,901,413.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Sergey Brin also recently made the following trade(s):

  • On Thursday, November 3rd, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $773.24, for a total value of $25,773,635.68.
  • On Wednesday, November 2nd, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $783.03, for a total value of $26,099,955.96.
  • On Tuesday, November 1st, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $794.91, for a total value of $26,495,940.12.
  • On Monday, October 31st, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $801.53, for a total value of $26,716,597.96.
  • On Thursday, September 29th, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $748.75, for a total value of $24,957,335.00.
  • On Friday, September 30th, Sergey Brin sold 33,340 shares of Alphabet stock. The stock was sold at an average price of $791.77, for a total value of $26,397,611.80.
  • On Tuesday, September 27th, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $796.59, for a total value of $26,551,937.88.
  • On Wednesday, September 28th, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $792.82, for a total value of $26,426,276.24.
  • On Monday, September 26th, Sergey Brin sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $789.56, for a total value of $26,317,613.92.
  • On Friday, August 26th, Sergey Brin sold 33,340 shares of Alphabet stock. The stock was sold at an average price of $778.43, for a total value of $25,952,856.20.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 762.02 on Monday. Alphabet Inc. has a 12 month low of $663.06 and a 12 month high of $816.68. The company has a 50-day moving average of $782.81 and a 200-day moving average of $746.40. The stock has a market capitalization of $525.13 billion, a PE ratio of 27.82 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.62 by $0.44. The firm had revenue of $22.45 billion for the quarter, compared to analysts’ expectations of $13.17 billion. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. Alphabet’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $7.35 EPS. On average, equities research analysts expect that Alphabet Inc. will post $34.40 EPS for the current fiscal year.

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

GOOG has been the topic of a number of research reports. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research note on Friday, July 29th. RBC Capital Markets restated an “outperform” rating and issued a $1,025.00 price target (up from $1,000.00) on shares of Alphabet in a research note on Friday, September 30th. Deutsche Bank AG restated a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Wednesday, October 12th. SunTrust Banks Inc. restated a “buy” rating and issued a $900.00 price target (up from $850.00) on shares of Alphabet in a research note on Sunday, July 31st. Finally, Credit Agricole SA restated a “buy” rating and issued a $990.00 price target (up from $970.00) on shares of Alphabet in a research note on Sunday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $940.12.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 1.2% in the second quarter. Vanguard Group Inc. now owns 18,237,076 shares of the company’s stock valued at $12,621,879,000 after buying an additional 221,141 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Alphabet by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,758,701 shares of the company’s stock valued at $5,369,797,000 after buying an additional 64,853 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alphabet by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 4,058,328 shares of the company’s stock valued at $3,154,497,000 after buying an additional 27,472 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Alphabet by 1.3% in the second quarter. BlackRock Fund Advisors now owns 3,765,984 shares of the company’s stock valued at $2,606,438,000 after buying an additional 47,436 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Alphabet by 1.4% in the second quarter. Janus Capital Management LLC now owns 3,527,197 shares of the company’s stock valued at $2,441,123,000 after buying an additional 49,943 shares in the last quarter. 34.53% of the stock is currently owned by institutional investors.

About Alphabet

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.

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