Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $1,092.73, for a total value of $4,370,920.00. Following the sale, the chief executive officer now directly owns 628 shares of the company’s stock, valued at approximately $686,234.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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  • On Wednesday, March 7th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,089.48, for a total value of $4,357,920.00.
  • On Wednesday, February 21st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,106.68, for a total value of $4,426,720.00.
  • On Friday, February 9th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,018.01, for a total value of $4,072,040.00.
  • On Wednesday, January 17th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00.
  • On Wednesday, January 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00.

Alphabet stock traded down $34.33 during trading on Thursday, reaching $1,056.55. The company’s stock had a trading volume of 1,982,121 shares, compared to its average volume of 1,792,406. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 1 year low of $803.37 and a 1 year high of $1,186.89. The firm has a market capitalization of $762,670.25, a price-to-earnings ratio of 58.77 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.88 billion. During the same quarter in the prior year, the company earned $9.36 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year.

Alphabet announced that its Board of Directors has approved a stock repurchase program on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Several equities research analysts have recently weighed in on the company. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research report on Monday, January 29th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Friday, January 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 2nd. Jefferies Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 2nd. Finally, Atlantic Securities reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-six have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,073.56.

Hedge funds have recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. grew its holdings in shares of Alphabet by 108.3% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock worth $105,000 after purchasing an additional 52 shares during the last quarter. Burt Wealth Advisors boosted its holdings in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Price Wealth Management Inc. bought a new position in Alphabet in the fourth quarter valued at about $125,000. Finally, Archford Capital Strategies LLC boosted its holdings in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the last quarter. Institutional investors own 34.84% 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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