Alphabet Inc. (NASDAQ:GOOGL) CEO Sells $5,483,075.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares of the company's stock, valued at approximately $436,570,192.16. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction 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 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 Up 0.1%

GOOGL stock traded up $0.16 during trading on Thursday, reaching $168.21. The stock had a trading volume of 34,523,439 shares, compared to its average volume of 30,072,695. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company's 50 day moving average is $159.54 and its two-hundred day moving average is $174.43.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the company posted $1.89 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is 9.36%.

Institutional Investors Weigh In On Alphabet

Several large investors have recently made changes to their positions in the business. Guardian Wealth Management Inc. raised its position in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after acquiring an additional 119 shares during the period. von Borstel & Associates Inc. bought a new position in shares of Alphabet during the 1st quarter valued at 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 raised its holdings in shares of Alphabet by 85.7% in 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 period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent analyst reports. Bank of America boosted their price target on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $178.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Piper Sandler boosted their target price on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Tigress Financial increased their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, KeyCorp lifted their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price 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.