Insider Selling: Alphabet Inc. (NASDAQ:GOOG) CEO Sells 22,500 Shares of Stock

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company's stock, valued at approximately $392,588,151.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, June 5th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $176.58, for a total transaction of $3,973,050.00.
• On Wednesday, May 15th, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00.
• On Wednesday, May 1st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00.
• On Wednesday, April 17th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00.
• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00.

Alphabet Stock Up 0.3 %

Shares of GOOG traded up $0.53 during mid-day trading on Monday, reaching $180.79. 18,177,705 shares of the stock traded hands, compared to its average volume of 21,453,121. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $172.10 and a 200 day simple moving average of $154.41. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $182.51.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a -- dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet's payout ratio is 12.27%.

Institutional Investors Weigh In On Alphabet

Large investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at $26,000. Partnership Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $165.67.

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.