Alphabet Inc. (NASDAQ:GOOG) CEO Sells $3,991,500.00 in Stock

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now owns 2,213,011 shares in the company, valued at $392,588,151.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 5th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $176.58, for a total value of $3,973,050.00.
• On Wednesday, May 15th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $173.22, for a total value of $3,897,450.00.
• On Wednesday, May 1st, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00.
• On Wednesday, April 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00.
• 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 transaction of $3,502,575.00.

Alphabet Price Performance

Shares of Alphabet stock opened at $185.37 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $172.69 and its two-hundred day moving average price is $154.76. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $185.93. The stock has a market cap of $2.29 trillion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the previous year, the business earned $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently bought and sold shares of GOOG. Operose Advisors LLC grew its stake in Alphabet by 13.4% during the 3rd quarter. Operose Advisors LLC now owns 3,306 shares of the information services provider’s stock valued at $436,000 after acquiring an additional 390 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Alphabet by 26.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 277,229 shares of the information services provider’s stock valued at $36,553,000 after acquiring an additional 58,691 shares in the last quarter. O ROURKE & COMPANY Inc grew its stake in Alphabet by 2.7% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 17,965 shares of the information services provider’s stock valued at $2,369,000 after acquiring an additional 476 shares in the last quarter. Mutual Advisors LLC grew its stake in Alphabet by 12.7% during the 3rd quarter. Mutual Advisors LLC now owns 110,287 shares of the information services provider’s stock valued at $14,541,000 after acquiring an additional 12,471 shares in the last quarter. Finally, Mendel Money Management grew its stake in Alphabet by 2.0% during the 3rd quarter. Mendel Money Management now owns 40,366 shares of the information services provider’s stock valued at $5,322,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOG. Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus price target of $165.67.

Alphabet Company Profile

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.