Alphabet Inc (GOOG) CEO Sells $10,417,500.00 in Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 830 shares of the company’s stock, valued at approximately $864,652.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.

Shares of GOOG traded up $17.91 during trading hours on Thursday, hitting $1,068.73. 2,762,191 shares of the company were exchanged, compared to its average volume of 1,720,130. The company has a market cap of $731.24 billion, a PE ratio of 23.65 and a beta of 1.15. Alphabet Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the consensus estimate of $10.41 by $2.65. The firm had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Alphabet by 97.8% in the 3rd quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock valued at $51,643,016,000 after buying an additional 21,273,995 shares during the last quarter. Trust Asset Management LLC lifted its holdings in Alphabet by 86,154.5% during the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after acquiring an additional 20,764,952 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 1.3% in the 3rd quarter. BlackRock Inc. now owns 19,492,447 shares of the information services provider’s stock valued at $23,263,651,000 after purchasing an additional 246,674 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Alphabet by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after purchasing an additional 18,665,638 shares during the period. Finally, FMR LLC raised its stake in shares of Alphabet by 1.8% in the 3rd quarter. FMR LLC now owns 11,512,271 shares of the information services provider’s stock valued at $13,739,550,000 after purchasing an additional 202,765 shares during the period. 40.44% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on GOOG. JMP Securities restated a “neutral” rating on shares of Alphabet in a research report on Friday, November 2nd. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Nomura restated a “buy” rating on shares of Alphabet in a research report on Tuesday. Macquarie restated a “buy” rating on shares of Alphabet in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. One equities research 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. Alphabet has an average rating of “Buy” and an average price target of $1,301.81.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/12/07/alphabet-inc-goog-ceo-sells-10417500-00-in-stock.html.

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.

Further Reading: What are the Benefits of Index Funds?

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply