Sundar Pichai Sells 32,500 Shares of Alphabet (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares of the company’s stock, valued at $730,481,906.96. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, January 21st, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $327.30, for a total value of $10,637,250.00.
  • On Wednesday, January 7th, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $321.21, for a total value of $10,439,325.00.
  • On Monday, December 15th, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $299.80, for a total transaction of $9,743,500.00.
  • On Wednesday, December 3rd, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $319.50, for a total transaction of $10,383,750.00.
  • On Wednesday, November 19th, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $296.64, for a total value of $9,640,800.00.

Alphabet Trading Down 2.5%

NASDAQ:GOOGL opened at $322.86 on Friday. The stock has a market cap of $3.90 trillion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.82 and a beta of 1.09. The business has a fifty day moving average of $321.60 and a 200-day moving average of $270.73. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.75 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. China Renaissance increased their target price on shares of Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price target on shares of Alphabet in a research note on Thursday. Wedbush lifted their target price on shares of Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barclays reissued an “overweight” rating and issued a $360.00 target price (up from $315.00) on shares of Alphabet in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $357.46.

Get Our Latest Stock Report on GOOGL

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Alphabet in the second quarter valued at approximately $21,944,208,000. Berkshire Hathaway Inc bought a new position in shares of Alphabet in the 3rd quarter worth $4,338,397,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares in the last quarter. Vanguard Group Inc. grew its position in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the period. Finally, Capital World Investors increased its stake in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Company Profile

(Get Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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

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