Alphabet Inc. (NASDAQ:GOOG – Get Free Report) CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Sundar Pichai also recently made the following trade(s):
- On Wednesday, April 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00.
- 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 value of $3,502,575.00.
- On Wednesday, March 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00.
- On Wednesday, March 6th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was 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 value of $3,291,525.00.
Alphabet Stock Up 0.6 %
Alphabet stock opened at $165.57 on Thursday. The stock has a market capitalization of $2.06 trillion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Alphabet Inc. has a 12 month low of $104.50 and a 12 month high of $176.42. The business has a 50 day simple moving average of $150.52 and a 200-day simple moving average of $143.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10.
Alphabet Announces Dividend
The firm also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.
Institutional Trading of Alphabet
Institutional investors and hedge funds have recently made changes to their positions in the business. Partnership Wealth Management LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $26,000. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet during the third quarter worth approximately $25,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $28,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $32,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on GOOG shares. Oppenheimer lifted their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, Raymond James boosted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $165.67.
Read Our Latest Report on GOOG
About Alphabet
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.
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