Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, September 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00.
  • On Wednesday, August 16th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $926.79, for a total transaction of $3,707,160.00.
  • On Wednesday, August 2nd, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $930.46, for a total transaction of $3,721,840.00.
  • On Wednesday, July 19th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $969.92, for a total transaction of $3,879,680.00.

Alphabet Inc. (NASDAQ:GOOG) opened at 969.96 on Friday. The firm has a market capitalization of $672.06 billion, a price-to-earnings ratio of 35.15 and a beta of 0.94. The company has a 50 day moving average price of $930.85 and a 200 day moving average price of $917.72. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period in the prior year, the company posted $8.42 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Cambridge Advisors Inc. boosted its stake in shares of Alphabet by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after acquiring an additional 1 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after acquiring an additional 1 shares in the last quarter. Capital Advantage Inc. boosted its stake in shares of Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares in the last quarter. Foster & Motley Inc. boosted its stake in shares of Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after acquiring an additional 3 shares in the last quarter. 34.53% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on GOOG. Canaccord Genuity downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price objective on the stock. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Pivotal Research restated a “hold” rating and issued a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a research note on Monday, July 17th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $1,200.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,034.31.

Alphabet Company Profile

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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