Key Points
- Sundar Pichai sold 32,500 Alphabet shares on Jan. 7 at an average price of $321.21 for about $10.44M, leaving him with 2,244,372 shares (a 1.43% reduction).
- The Jan. 7 sale is one of several recent, repeated disposals—Pichai sold identical 32,500-share blocks across Oct.–Dec.—indicating ongoing periodic insider selling.
- Alphabet reported a strong earnings beat (EPS $2.87 vs. $2.29; revenue $102.35B), has a market cap near $3.93T, and is receiving analyst upgrades amid AI and advertising momentum, with a consensus "Moderate Buy" and an average price target around $322.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the sale, the chief executive officer owned 2,244,372 shares in the company, valued at $720,914,730.12. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sundar Pichai also recently made the following trade(s):
- 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 shares were 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 transaction of $9,640,800.00.
- On Wednesday, November 5th, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $283.48, for a total transaction of $9,213,100.00.
- On Wednesday, October 15th, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00.
Alphabet Price Performance
Shares of NASDAQ GOOGL opened at $325.44 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $305.24 and a two-hundred day simple moving average of $247.60. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $330.32. The firm has a market cap of $3.93 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analysts' expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet's dividend payout ratio (DPR) is currently 8.28%.
Institutional Trading of Alphabet
Several institutional investors and hedge funds have recently modified their holdings of GOOGL. Norges Bank purchased a new position in Alphabet in the 2nd quarter worth approximately $21,944,208,000. Berkshire Hathaway Inc bought a new stake in shares of Alphabet during the 3rd quarter worth $4,338,397,000. Laurel Wealth Advisors LLC grew its position in Alphabet by 17,667.7% in the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider's stock worth $2,686,640,000 after acquiring an additional 15,159,273 shares in the last quarter. Capital World Investors grew its position in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Alphabet by 51.7% in the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider's stock valued at $5,607,232,000 after acquiring an additional 10,843,853 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Canaccord Genuity Group set a $390.00 price target on shares of Alphabet and gave the company a "buy" rating in a research note on Wednesday. President Capital boosted their target price on shares of Alphabet from $258.00 to $323.00 and gave the company a "buy" rating in a report on Thursday, November 6th. Wedbush reaffirmed an "outperform" rating and issued a $350.00 price target (up from $320.00) on shares of Alphabet in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Alphabet from $260.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Finally, Susquehanna increased their price objective on Alphabet from $225.00 to $350.00 and gave the stock a "positive" rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $322.42.
Check Out Our Latest Stock Report on Alphabet
About Alphabet
(
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.
Featured 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. Please send any questions or comments about this story to [email protected].
