Insider Selling: Alphabet Inc (GOOG) CEO Sells 4,000 Shares of Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,106.68, for a total value of $4,426,720.00. Following the sale, the chief executive officer now directly owns 642 shares in the company, valued at $710,488.56. 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 Friday, February 9th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was 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 stock was 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 stock was sold at an average price of $1,065.21, for a total value of $4,260,840.00.
  • On Wednesday, December 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,072.64, for a total value of $4,290,560.00.
  • 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 value of $4,011,440.00.

Shares of Alphabet Inc (GOOG) traded up $13.06 during midday trading on Friday, hitting $1,119.69. The stock had a trading volume of 630,406 shares, compared to its average volume of 1,762,986. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. The firm has a market capitalization of $774,650.00, a P/E ratio of 34.88 and a beta of 1.01. Alphabet Inc has a fifty-two week low of $803.37 and a fifty-two week high of $1,186.89.

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

Alphabet declared that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stuart Chaussee & Associates Inc. raised its holdings in 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 in the last quarter. Price Wealth Management Inc. bought a new stake in Alphabet during the fourth quarter worth approximately $125,000. Signature Estate & Investment Advisors LLC bought a new stake in Alphabet during the fourth quarter worth approximately $132,000. WealthShield LLC bought a new stake in Alphabet during the fourth quarter worth approximately $144,000. Finally, Burt Wealth Advisors raised its holdings in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 34.34% of the company’s stock.

A number of analysts have recently issued reports on GOOG shares. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, January 26th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, Societe Generale reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,064.49.

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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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