Lawrence Page Sells 33,332 Shares of Alphabet Inc. (GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $775.83, for a total transaction of $25,859,965.56. Following the completion of the transaction, the chief executive officer now directly owns 14,000 shares in the company, valued at $10,861,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lawrence Page also recently made the following trade(s):

  • On Friday, October 28th, Lawrence Page sold 16,670 shares of Alphabet stock. The shares were sold at an average price of $827.79, for a total transaction of $13,799,259.30.
  • On Thursday, October 27th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $806.49, for a total transaction of $26,881,924.68.
  • On Wednesday, October 26th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $811.20, for a total transaction of $27,038,918.40.
  • On Tuesday, October 25th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $819.25, for a total transaction of $27,307,241.00.
  • On Monday, October 24th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $823.31, for a total transaction of $27,442,568.92.
  • On Thursday, September 22nd, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $800.62, for a total transaction of $26,686,265.84.
  • On Friday, September 23rd, Lawrence Page sold 33,340 shares of Alphabet stock. The stock was sold at an average price of $800.75, for a total transaction of $26,697,005.00.
  • On Tuesday, September 20th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $785.89, for a total transaction of $26,195,285.48.
  • On Monday, September 19th, Lawrence Page sold 33,332 shares of Alphabet stock. The stock was sold at an average price of $783.62, for a total transaction of $26,119,621.84.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 760.99 on Thursday. Alphabet Inc. has a 52 week low of $663.06 and a 52 week high of $816.68. The firm has a 50-day moving average price of $779.14 and a 200 day moving average price of $751.44. The stock has a market cap of $524.50 billion, a price-to-earnings ratio of 27.85 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 27th. The company reported $9.06 earnings per share for the quarter, beating the Zacks’ 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 period in the previous year, the firm earned $7.35 EPS. The business’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts forecast that Alphabet Inc. will post $34.42 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 recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 29th. RBC Capital Markets reiterated an “outperform” rating and set a $1,025.00 price objective (up from $1,000.00) on shares of Alphabet in a research note on Friday, September 30th. Deutsche Bank AG reiterated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a research note on Wednesday, October 12th. SunTrust Banks Inc. reiterated a “buy” rating and set a $900.00 price objective (up from $850.00) on shares of Alphabet in a research note on Sunday, July 31st. Finally, reiterated a “buy” rating and set a $990.00 price objective (up from $970.00) on shares of Alphabet in a research note on Sunday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and forty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $940.42.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Alphabet by 1.2% in the second quarter. Vanguard Group Inc. now owns 18,237,076 shares of the company’s stock worth $12,621,879,000 after buying an additional 221,141 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Alphabet by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,831,305 shares of the company’s stock valued at $7,641,775,000 after buying an additional 65,873 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Alphabet by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,897,508 shares of the company’s stock valued at $6,138,654,000 after buying an additional 138,807 shares during the period. Capital Research Global Investors increased its stake in shares of Alphabet by 4.2% in the third quarter. Capital Research Global Investors now owns 4,418,318 shares of the company’s stock valued at $3,434,314,000 after buying an additional 177,974 shares during the period. Finally, Bank of New York Mellon Corp increased its stake 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 during the period. 34.46% of the stock is currently owned by hedge funds and other institutional investors.

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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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