Insider Selling: Alphabet Inc (GOOG) CEO Sells 4,000 Shares of Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $837.31, for a total transaction of $3,349,240.00. Following the transaction, the chief executive officer now owns 2,351 shares in the company, valued at $1,968,515.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, April 19th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $841.50, for a total value of $3,366,000.00.
  • On Wednesday, March 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $849.50, for a total value of $3,398,000.00.
  • On Wednesday, March 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $830.96, for a total value of $3,323,840.00.
  • On Wednesday, February 22nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $830.47, for a total value of $3,321,880.00.
  • On Wednesday, February 8th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $809.21, for a total value of $3,236,840.00.
  • On Wednesday, January 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $808.06, for a total value of $3,232,240.00.

Shares of Alphabet Inc (NASDAQ:GOOG) traded up 0.15% during trading on Friday, hitting $842.88. The company’s stock had a trading volume of 21,137 shares. The company has a market capitalization of $582.78 billion, a P/E ratio of 30.24 and a beta of 0.94. The firm’s 50 day moving average is $833.03 and its 200-day moving average is $802.56. Alphabet Inc has a 1-year low of $663.28 and a 1-year high of $853.50.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, January 26th. The information services provider reported $9.36 earnings per share for the quarter, missing the consensus estimate of $9.67 by $0.31. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. During the same quarter in the previous year, the company earned $8.67 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts forecast that Alphabet Inc will post $33.26 EPS for the current fiscal year.

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

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A number of large investors have recently added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Alphabet by 11.7% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,144 shares of the information services provider’s stock valued at $3,438,000 after buying an additional 435 shares during the last quarter. Wagner Bowman Management Corp boosted its position in shares of Alphabet by 5.9% in the first quarter. Wagner Bowman Management Corp now owns 813 shares of the information services provider’s stock worth $674,000 after buying an additional 45 shares during the last quarter. Monarch Capital Management Inc. boosted its position in shares of Alphabet by 3.2% in the first quarter. Monarch Capital Management Inc. now owns 1,472 shares of the information services provider’s stock worth $1,221,000 after buying an additional 45 shares during the last quarter. Abner Herrman & Brock LLC boosted its position in shares of Alphabet by 2.3% in the first quarter. Abner Herrman & Brock LLC now owns 621 shares of the information services provider’s stock worth $515,000 after buying an additional 14 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of Alphabet by 1.0% in the first quarter. Douglas Lane & Associates LLC now owns 67,432 shares of the information services provider’s stock worth $55,939,000 after buying an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

GOOG has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,040.00 target price on shares of Alphabet in a report on Friday, January 27th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Wednesday, January 18th. BMO Capital Markets reissued an “outperform” rating and issued a $1,000.00 target price on shares of Alphabet in a report on Tuesday, January 24th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, January 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a research note on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $956.36.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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