Alphabet Inc (GOOG) CEO Sundar Pichai Sells 4,000 Shares

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the completion of the sale, the chief executive officer now owns 656 shares of the company’s stock, valued at approximately $739,423.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, January 3rd, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00.
  • On Wednesday, December 20th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00.
  • On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00.
  • On Wednesday, November 15th, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,020.69, for a total value of $4,082,760.00.
  • On Wednesday, November 1st, Sundar Pichai sold 4,000 shares of Alphabet stock. The shares were sold at an average price of $1,018.97, for a total value of $4,075,880.00.

Alphabet Inc (GOOG) opened at $1,131.98 on Thursday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $789,620.00, a PE ratio of 37.71 and a beta of 0.94. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,139.91.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Alphabet’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.06 earnings per share.

Several hedge funds have recently bought and sold shares of the company. Perennial Advisors LLC boosted its position in Alphabet by 8.7% during the second quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after purchasing an additional 260 shares during the last quarter. One Capital Management LLC boosted its position in Alphabet by 5.0% during the second quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock valued at $2,920,000 after purchasing an additional 154 shares during the last quarter. Northeast Investment Management boosted its position in Alphabet by 4.4% during the second quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after purchasing an additional 537 shares during the last quarter. Taurus Asset Management LLC boosted its position in Alphabet by 0.9% during the second quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock valued at $23,591,000 after purchasing an additional 220 shares during the last quarter. Finally, AKO Capital LLP boosted its position in Alphabet by 6.8% during the second quarter. AKO Capital LLP now owns 51,624 shares of the information services provider’s stock valued at $46,912,000 after purchasing an additional 3,289 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on GOOG shares. SunTrust Banks reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Bank of America reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,052.31.

TRADEMARK VIOLATION NOTICE: This article was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2018/01/18/alphabet-inc-goog-ceo-sundar-pichai-sells-4000-shares-2.html.

About Alphabet

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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply