Sundar Pichai Sells 22,500 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGLGet Free Report) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the completion of the sale, the chief executive officer now owns 2,235,511 shares of the company’s stock, valued at $394,746,532.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Wednesday, May 15th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00.
  • On Wednesday, May 1st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00.
  • On Wednesday, April 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was 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.
  • 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.

Alphabet Trading Up 0.8 %

Shares of GOOGL stock opened at $176.73 on Friday. The company’s 50-day moving average price is $165.34 and its 200-day moving average price is $149.29. 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 stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.31 and a beta of 1.01. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $178.77.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. 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 $66.04 billion. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOGL. Roth Mkm lifted their price objective on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Wolfe Research lifted their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Loop Capital lifted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird lifted their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.57.

Get Our Latest Report on GOOGL

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GOOGL. Norges Bank acquired a new position in Alphabet in the fourth quarter valued at about $15,441,917,000. FMR LLC increased its stake in Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the period. Capital Research Global Investors increased its stake in Alphabet by 14.4% during the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock worth $8,724,251,000 after purchasing an additional 7,275,757 shares during the period. Vanguard Group Inc. increased its stake in Alphabet by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock worth $68,980,354,000 after purchasing an additional 6,374,756 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in Alphabet by 39,754.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock worth $841,725,000 after purchasing an additional 6,010,548 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

About Alphabet

(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.

Further Reading

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

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