Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total value of $5,742,100.00. Following the sale, the chief executive officer now directly owns 2,555,196 shares in the company, valued at $451,452,029.28. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Sundar Pichai also recently made the following trade(s):
- On Wednesday, June 4th, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00.
- On Wednesday, May 21st, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $170.87, for a total value of $5,553,275.00.
- On Wednesday, May 7th, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00.
- On Wednesday, April 16th, Sundar Pichai sold 32,500 shares of Alphabet stock. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00.
- 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
NASDAQ GOOG traded down $6.25 during trading on Friday, reaching $167.73. 55,028,071 shares of the company's stock were exchanged, compared to its average volume of 20,733,838. The business has a 50 day moving average price of $166.31 and a 200-day moving average price of $176.39. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 18.70, a PEG ratio of 1.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.
Wall Street Analyst Weigh In
Several analysts have issued reports on GOOG shares. JPMorgan Chase & Co. lifted their price target on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. The Goldman Sachs Group reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $204.88.
Check Out Our Latest Stock Report on Alphabet
Institutional Investors Weigh In On Alphabet
A number of institutional investors have recently made changes to their positions in GOOG. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Alphabet by 9.3% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider's stock worth $5,341,000 after acquiring an additional 2,390 shares during the period. LaFleur & Godfrey LLC boosted its stake in shares of Alphabet by 1.2% in the fourth quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider's stock valued at $6,088,000 after buying an additional 380 shares during the period. Brighton Jones LLC grew its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Alphabet during the fourth quarter worth approximately $204,262,000. Finally, Ascent Wealth Partners LLC grew its position in Alphabet by 246.2% during the fourth quarter. Ascent Wealth Partners LLC now owns 5,698 shares of the information services provider's stock worth $1,085,000 after buying an additional 4,052 shares in the last quarter. Institutional investors own 27.26% of the company's stock.
Alphabet Company Profile
(
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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