Alphabet Inc. (NASDAQ:GOOG) CEO Sells $5,075,200.00 in Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, April 2nd, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00.

Alphabet Stock Performance

Alphabet stock traded down $2.14 during mid-day trading on Friday, reaching $153.36. The company's stock had a trading volume of 19,461,666 shares, compared to its average volume of 19,413,783. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The business has a 50 day moving average price of $167.84 and a 200-day moving average price of $177.58. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOOG shares. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed 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 report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.88.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOG. Principia Wealth Advisory LLC increased its stake in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the fourth quarter worth $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Company Profile

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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