Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Sundar Pichai also recently made the following trade(s):
- 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 shares were 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 shares were 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 shares were sold at an average price of $146.29, for a total value of $3,291,525.00.
- On Wednesday, January 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00.
Alphabet Stock Down 2.8 %
Healthcare Takes A Big Step Forward With The Help Of AI
From The Bull Report | Ad
The average doctor can diagnose an illness correctly 50-90% of the time.
But one innovative company's medical AI gets it right 92%+.
Click here to see why this small company is trusted by the Mayo Clinic
Shares of NASDAQ:GOOG opened at $151.94 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $103.27 and a 52-week high of $157.00. The stock's fifty day simple moving average is $145.38 and its 200-day simple moving average is $140.06. The company has a market capitalization of $1.89 trillion, a P/E ratio of 26.20, a P/E/G ratio of 1.44 and a beta of 1.05.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the prior year, the business earned $1.05 earnings per share. The business's revenue was up 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
GOOG has been the subject of several research reports. Susquehanna lifted their price objective on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Raymond James lifted their price objective on Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average target price of $146.33.
Read Our Latest Report on GOOG
Hedge Funds Weigh In On Alphabet
Large investors have recently added to or reduced their stakes in the business. Tolleson Wealth Management Inc. purchased a new position in Alphabet during the second quarter worth about $411,000. Veracity Capital LLC increased its stake in Alphabet by 12.4% during the fourth quarter. Veracity Capital LLC now owns 10,597 shares of the information services provider's stock worth $1,493,000 after acquiring an additional 1,173 shares during the last quarter. Westshore Wealth LLC increased its stake in Alphabet by 31.2% during the second quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider's stock worth $1,887,000 after acquiring an additional 3,730 shares during the last quarter. Washington Trust Bank increased its stake in Alphabet by 33.0% during the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider's stock worth $970,000 after acquiring an additional 1,826 shares during the last quarter. Finally, CNB Bank increased its stake in Alphabet by 6.6% during the third quarter. CNB Bank now owns 27,723 shares of the information services provider's stock worth $3,655,000 after acquiring an additional 1,710 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
