Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the completion of the sale, the chief executive officer now directly owns 803 shares in the company, valued at $861,329.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,002.86, for a total transaction of $4,011,440.00.
  • On Wednesday, November 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00.
  • On Wednesday, November 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,018.97, for a total transaction of $4,075,880.00.
  • On Wednesday, October 18th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00.
  • On Wednesday, October 4th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00.

Shares of Alphabet Inc (NASDAQ GOOG) traded down $3.51 during mid-day trading on Friday, hitting $1,060.12. 755,090 shares of the stock were exchanged, compared to its average volume of 1,485,889. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a 12-month low of $770.41 and a 12-month high of $1,078.49. The company has a market cap of $739,928.31, a P/E ratio of 35.49 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter in the previous year, the company earned $9.06 EPS. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

Several analysts have commented on the stock. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price objective for the company in a report on Wednesday, November 29th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,046.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOG. Atlantic Trust Group LLC lifted its stake in Alphabet by 2.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 376,654 shares of the information services provider’s stock worth $361,252,000 after purchasing an additional 9,303 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Alphabet by 5.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 589,536 shares of the information services provider’s stock worth $565,430,000 after purchasing an additional 30,522 shares in the last quarter. AXA lifted its stake in Alphabet by 6.7% in the 3rd quarter. AXA now owns 267,724 shares of the information services provider’s stock worth $256,777,000 after purchasing an additional 16,752 shares in the last quarter. Shelton Capital Management lifted its stake in Alphabet by 8.3% in the 3rd quarter. Shelton Capital Management now owns 25,159 shares of the information services provider’s stock worth $24,130,000 after purchasing an additional 1,929 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in Alphabet by 17.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 528 shares of the information services provider’s stock worth $506,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 34.64% of the company’s stock.

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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.

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

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