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

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Alphabet Trading Down 1.5 %

Alphabet stock traded down $2.25 during midday trading on Friday, reaching $151.08. The stock had a trading volume of 32,930,996 shares, compared to its average volume of 28,296,298. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a fifty day moving average of $165.82 and a 200 day moving average of $175.88. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GOOGL. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Bank of America reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, April 1st. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. Finally, UBS Group set a $190.00 target price on shares of Alphabet in a report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $200.74.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOGL. Bennett Selby Investments LP raised its holdings in Alphabet by 4.0% during the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares during the last quarter. Macroview Investment Management LLC boosted its position in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after buying an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its holdings in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after acquiring an additional 53 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after buying an additional 53 shares in the last quarter. 40.03% of the stock is 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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