Alphabet Inc. (NASDAQ:GOOG – Get Free Report) CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sundar Pichai also recently made the following trade(s):
- On Wednesday, December 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $141.43, for a total transaction of $3,182,175.00.
Alphabet Stock Performance
Alphabet stock opened at $137.39 on Friday. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 26.37, a P/E/G ratio of 1.25 and a beta of 1.06. The stock has a fifty day moving average price of $136.01 and a two-hundred day moving average price of $132.42. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $143.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, analysts anticipate that Alphabet Inc. will post 5.83 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GOOG. Raymond James initiated coverage on shares of Alphabet in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $150.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $131.93.
Get Our Latest Stock Analysis on Alphabet
Institutional Investors Weigh In On Alphabet
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Alphabet by 0.3% during the 1st quarter. BlackRock Inc. now owns 365,927,668 shares of the information services provider’s stock worth $38,056,478,000 after buying an additional 1,230,697 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Alphabet by 94,153.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock valued at $24,261,537,000 after purchasing an additional 200,345,509 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares in the last quarter. FMR LLC increased its stake in shares of Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after buying an additional 4,348,188 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Alphabet by 0.9% during the second quarter. Geode Capital Management LLC now owns 98,217,816 shares of the information services provider’s stock valued at $11,846,230,000 after acquiring an additional 882,830 shares during the period. 27.13% of the stock is currently owned by institutional investors.
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
See Also
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