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

Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was 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 stock was 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 stock was sold at an average price of $143.08, for a total value 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 value of $3,291,525.00.

Alphabet Trading Up 0.7 %

GOOGL traded up $1.07 during trading on Wednesday, hitting $155.47. 21,428,076 shares of the stock were exchanged, compared to its average volume of 30,244,928. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $160.22. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.43 and a beta of 1.05. The firm has a 50 day simple moving average of $145.76 and a 200 day simple moving average of $140.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. KeyCorp raised 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective (up from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $168.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned 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 an average price target of $157.00.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently bought and sold shares of the business. Live Oak Investment Partners purchased a new stake in shares of Alphabet during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet during the 4th quarter worth approximately $30,000. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet during the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the 3rd quarter valued at approximately $38,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the fourth quarter worth $38,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

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.