Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $1,041.75, for a total value of $10,417,500.00. Following the sale, the chief executive officer now directly owns 830 shares in the company, valued at approximately $864,652.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 21st, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,038.35, for a total value of $10,383,500.00.
  • On Wednesday, November 7th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,073.27, for a total value of $10,732,700.00.
  • On Wednesday, October 17th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,113.91, for a total value of $11,139,100.00.
  • On Wednesday, October 3rd, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,200.04, for a total value of $12,000,400.00.
  • On Wednesday, September 19th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,160.42, for a total value of $11,604,200.00.

Alphabet stock opened at $1,036.58 on Friday. The stock has a market capitalization of $731.24 billion, a PE ratio of 23.65 and a beta of 1.15. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12 month low of $980.64 and a 12 month high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. The company had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

A number of analysts have issued reports on the company. BidaskClub lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Raymond James reissued an “outperform” rating and issued a $1,300.00 price target (down from $1,405.00) on shares of Alphabet in a research note on Friday, October 26th. Nomura reissued a “buy” rating on shares of Alphabet in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, August 21st. Finally, Macquarie reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,301.81.

Institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its holdings in shares of Alphabet by 1.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,539 shares of the information services provider’s stock valued at $3,031,000 after buying an additional 30 shares during the period. Marshall Wace LLP purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $2,721,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $2,887,000. Great Lakes Advisors LLC raised its holdings in shares of Alphabet by 5.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 55,130 shares of the information services provider’s stock valued at $65,796,000 after buying an additional 2,897 shares during the period. Finally, HM Payson & Co. purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $35,658,000. Institutional investors own 40.44% of the company’s stock.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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