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 business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. 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, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were 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 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 transaction 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 transaction 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 0.7 %

GOOGL traded up $1.07 on Wednesday, hitting $155.47. 21,428,076 shares of the company were exchanged, compared to its average volume of 30,244,928. The stock’s fifty day moving average is $145.76 and its 200-day moving average is $140.19. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $1.93 trillion, a PE ratio of 26.82, a PEG ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate 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. Equities research analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on GOOGL shares. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Redburn Atlantic increased their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Truist Financial lifted their target price on Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group raised their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Live Oak Investment Partners bought a new position in Alphabet during the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the fourth quarter worth about $30,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet during the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet in the 3rd quarter valued at about $38,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. 40.03% 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.