Alphabet Inc. (NASDAQ:GOOGL) CEO Sells $3,541,725.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00.
• On Wednesday, March 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00.
• On Wednesday, March 6th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00.
• On Wednesday, February 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $143.08, for a total value of $3,219,300.00.
• On Wednesday, February 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00.

Alphabet Stock Up 0.3 %

GOOGL opened at $156.01 on Friday. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock’s fifty day moving average is $146.16 and its 200-day moving average is $140.40. The company has a market capitalization of $1.94 trillion, a PE ratio of 26.90, a P/E/G ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the previous year, the business earned $1.05 EPS. On average, equities analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOGL. Wolfe Research lifted their price objective on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Redburn Atlantic lifted their price objective on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company decreased their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, Canaccord Genuity Group lifted their target price on Alphabet from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $157.97.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares during the period. State Street Corp raised its position in shares of Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after purchasing an additional 170,267,122 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $15,441,917,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the period. Institutional investors own 40.03% of the company’s stock.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.