Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai Sells 22,500 Shares

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares in the company, valued at $392,588,151.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, June 5th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00.
• On Wednesday, May 15th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00.
• On Wednesday, May 1st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00.
• On Wednesday, April 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $157.41, for a total transaction 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.

Alphabet Stock Up 1.4 %

GOOG opened at $180.26 on Monday. The firm has a market cap of $2.23 trillion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The business has a 50 day moving average price of $171.61 and a 200 day moving average price of $154.11. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.51.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOG. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $165.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GOOG. Partnership Wealth Management LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at $34,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.