Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai Sells 32,500 Shares

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred 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. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was 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 stock was sold at an average price of $155.90, for a total transaction of $5,066,750.00.
• On Wednesday, April 16th, Sundar Pichai sold 32,500 shares of Alphabet stock. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00.
• 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 transaction of $5,153,200.00.

Alphabet Stock Down 3.9%

NASDAQ:GOOGL traded down $6.68 on Friday, hitting $166.64. The stock had a trading volume of 75,073,701 shares, compared to its average volume of 30,699,179. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $2.02 trillion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The firm's fifty day simple moving average is $164.77 and its two-hundred day simple moving average is $174.71.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter last year, the business posted $1.89 EPS. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.50%. Alphabet's dividend payout ratio (DPR) is 9.36%.

Institutional Investors Weigh In On Alphabet

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOGL. Guardian Wealth Management Inc. increased its stake in shares of Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after purchasing an additional 119 shares during the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new stake in shares of Alphabet during the 1st quarter worth approximately $28,000. Compass Planning Associates Inc purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $30,000. Finally, NBZ Investment Advisors LLC increased its stake in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Susquehanna lowered their price target on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Oppenheimer increased their price objective on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Westpark Capital restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

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.