Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Alphabet Stock Performance
Shares of GOOG stock opened at $147.74 on Friday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52-week low of $147.54 and a 52-week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company's 50 day moving average is $177.04 and its 200 day moving average is $178.43.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GOOG. Webster Bank N. A. grew its holdings in Alphabet by 6.3% in the first quarter. Webster Bank N. A. now owns 26,734 shares of the information services provider's stock worth $4,177,000 after purchasing an additional 1,596 shares during the last quarter. Sage Capital Advisors llc grew its stake in Alphabet by 128.3% during the 1st quarter. Sage Capital Advisors llc now owns 3,659 shares of the information services provider's stock worth $572,000 after buying an additional 2,056 shares during the last quarter. Agate Pass Investment Management LLC increased its position in Alphabet by 41.5% during the 1st quarter. Agate Pass Investment Management LLC now owns 11,556 shares of the information services provider's stock valued at $1,805,000 after buying an additional 3,392 shares in the last quarter. Baring Financial LLC raised its stake in Alphabet by 9.9% in the first quarter. Baring Financial LLC now owns 1,888 shares of the information services provider's stock valued at $295,000 after buying an additional 170 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its holdings in Alphabet by 3.8% in the first quarter. Legacy Private Trust Co. now owns 9,896 shares of the information services provider's stock worth $1,546,000 after acquiring an additional 358 shares in the last quarter. Institutional investors own 27.26% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on GOOG shares. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.65.
Check Out Our Latest Stock Report on Alphabet
Alphabet Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
