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

Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total value of $3,759,075.00. Following the sale, the chief executive officer now directly owns 2,129,306 shares of the company’s stock, valued at approximately $355,743,153.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, September 18th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $160.63, for a total transaction of $3,614,175.00.
• On Wednesday, September 4th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $158.68, for a total transaction of $3,570,300.00.
• On Wednesday, August 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00.
• On Wednesday, August 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00.
• On Wednesday, July 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00.

Alphabet Stock Up 0.7 %

Shares of NASDAQ:GOOGL opened at $167.06 on Friday. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $162.06 and its 200-day moving average price is $167.14. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the firm earned $1.44 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a report on Wednesday, July 24th. Mizuho lifted their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group increased their price objective on Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.14.

Hedge Funds Weigh In On Alphabet

Hedge funds have recently modified their holdings of the company. Allied Investment Advisors LLC grew its stake in shares of Alphabet by 7.8% in the third quarter. Allied Investment Advisors LLC now owns 2,800 shares of the information services provider’s stock worth $464,000 after purchasing an additional 202 shares during the last quarter. Fluent Financial LLC grew its position in shares of Alphabet by 8.6% in the 3rd quarter. Fluent Financial LLC now owns 17,535 shares of the information services provider’s stock worth $2,908,000 after buying an additional 1,392 shares during the last quarter. Biltmore Wealth Management LLC increased its stake in shares of Alphabet by 4.1% during the third quarter. Biltmore Wealth Management LLC now owns 2,149 shares of the information services provider’s stock valued at $356,000 after buying an additional 85 shares during the period. jvl associates llc raised its holdings in shares of Alphabet by 0.8% during the third quarter. jvl associates llc now owns 15,715 shares of the information services provider’s stock valued at $2,606,000 after acquiring an additional 125 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its stake in Alphabet by 2.6% in the third quarter. Sowell Financial Services LLC now owns 107,992 shares of the information services provider’s stock worth $17,911,000 after acquiring an additional 2,686 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About Alphabet

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.