Alphabet Inc. (NASDAQ:GOOGL) CEO Sells $3,541,725.00 in Stock

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

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 shares were 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 value 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 stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00.

Alphabet Stock Up 0.7 %

Shares of GOOGL opened at $155.47 on Thursday. The company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $160.22. The stock’s 50-day moving average price is $145.95 and its 200-day moving average price is $140.29. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOGL. StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Mizuho lifted their price target on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Roth Mkm reduced their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Finally, Redburn Atlantic lifted their target price on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Five 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. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DC Investments Management LLC acquired a new position in shares of Alphabet during the 1st quarter worth about $114,000. Bridgefront Capital LLC acquired a new stake in shares of Alphabet in the first quarter worth approximately $225,000. Worth Asset Management LLC purchased a new stake in shares of Alphabet during the first quarter worth approximately $206,000. Eudaimonia Advisors LLC increased its position in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in Alphabet in the 1st quarter valued at $281,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.