Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Sundar Pichai also recently made the following trade(s):
- On Wednesday, August 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00.
- On Wednesday, July 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $182.84, for a total transaction of $4,113,900.00.
- On Thursday, June 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $177.40, for a total transaction of $3,991,500.00.
- On Wednesday, June 5th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $176.58, for a total value of $3,973,050.00.
Alphabet Stock Performance
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Shares of Alphabet stock opened at $165.85 on Thursday. The business's 50 day moving average price is $175.18 and its 200 day moving average price is $162.89. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.28 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the company earned $1.44 EPS. On average, research analysts predict that Alphabet Inc. will post 7.62 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's dividend payout ratio (DPR) is presently 12.27%.
Analyst Ratings Changes
GOOGL has been the topic of several analyst reports. Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, April 26th. Tigress Financial lifted their target price on shares of Alphabet from $176.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, May 24th. UBS Group increased their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. TD Cowen lifted their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, Jefferies Financial Group upped their price objective on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $203.74.
Check Out Our Latest Stock Report on Alphabet
Institutional Trading of Alphabet
Several hedge funds have recently made changes to their positions in the company. Christopher J. Hasenberg Inc grew its position in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after acquiring an additional 60 shares during the period. Kings Path Partners LLC purchased a new position in shares of Alphabet during the 2nd quarter worth $36,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet during the 1st quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Alphabet during the 4th quarter worth about $30,000. Finally, Denver PWM LLC acquired a new position in Alphabet in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 40.03% of the company's stock.
About Alphabet
(
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.
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