Sergey Brin Sells 33,332 Shares of Alphabet Inc. (GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) insider Sergey Brin sold 33,332 shares of Alphabet stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $773.24, for a total value of $25,773,635.68. Following the completion of the transaction, the insider now owns 16,666 shares of the company’s stock, valued at approximately $12,886,817.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, November 4th, Sergey Brin sold 33,340 shares of Alphabet stock. The stock was sold at an average price of $773.93, for a total value of $25,802,826.20.
  • 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.

Alphabet Inc. (NASDAQ:GOOG) opened at 782.52 on Tuesday. The firm has a market cap of $539.26 billion, a price-to-earnings ratio of 28.56 and a beta of 1.01. Alphabet Inc. has a one year low of $663.06 and a one year high of $816.68. The firm has a 50 day moving average of $782.81 and a 200-day moving average of $746.40.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 27th. The company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.62 by $0.44. The business earned $22.45 billion during 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%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $7.35 EPS. Equities research analysts forecast that Alphabet Inc. will post $34.40 EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 worth $12,621,879,000 after buying an additional 221,141 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 worth $5,369,797,000 after buying an additional 64,853 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $3,154,497,000 after buying an additional 27,472 shares in the last quarter. BlackRock Fund Advisors raised its stake 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 worth $2,606,438,000 after buying an additional 47,436 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake 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 worth $2,441,123,000 after buying an additional 49,943 shares in the last quarter. Institutional investors and hedge funds own 34.53% of the company’s stock.

Several research analysts have recently weighed in on GOOG shares. Pivotal Research restated a “buy” rating and set a $1,000.00 target price (up from $970.00) on shares of Alphabet in a report on Tuesday, July 12th. JPMorgan Chase & Co. set a $920.00 target price on Alphabet and gave the stock a “buy” rating in a report on Tuesday, July 12th. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $765.87 target price on the stock. in a report on Tuesday, July 19th. TheStreet upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Monday, July 18th. Finally, Goldman Sachs Group Inc. set a $810.00 target price on Alphabet and gave the stock a “buy” rating in a report on Wednesday, July 20th. One 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $940.76.

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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