Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares of the company's stock, valued at approximately $362,012,608.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,198,150.00.
Alphabet Trading Down 2.8 %
Trump’s last act as President
From Porter & Company | Ad
You’ve probably never heard of Executive Order #13972.
Signed by President Trump just days before leaving office, it greenlit what could be the most revolutionary technology of the decade… yet it has nothing to do with AI, blockchain, or mRNA vaccines.
For the full story, click here.
Shares of Alphabet stock opened at $150.53 on Friday. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $155.74. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.43 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company's 50-day moving average price is $144.20 and its 200-day moving average price is $138.78.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have commented on GOOGL shares. Barclays decreased their price target on shares of Alphabet from $180.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, January 31st. Mizuho lifted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Wells Fargo & Company cut their price objective on shares of Alphabet from $144.00 to $141.00 and set an "equal weight" rating on the stock in a report on Wednesday. Wedbush lifted their price objective on shares of Alphabet from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Finally, KeyCorp lifted their price objective on shares of Alphabet from $153.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.39.
View Our Latest Report on GOOGL
Institutional Investors Weigh In On Alphabet
A number of institutional investors and hedge funds have recently bought and sold shares of GOOGL. Vanguard Group Inc. raised its stake in Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider's stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp raised its stake 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 acquiring an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake 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 acquiring an additional 170,267,122 shares in the last quarter. Norges Bank purchased a new position in shares of Alphabet during the fourth quarter worth approximately $15,441,917,000. Finally, Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 109,870,525 shares in the last quarter. 40.03% of the stock is 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.
Featured Articles
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].
