Alphabet Inc. (NASDAQ:GOOGL) CEO Sells $3,541,725.00 in Stock

Alphabet Inc. (NASDAQ:GOOGL) CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, April 3rd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00.
• On Wednesday, March 20th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00.
• On Wednesday, March 6th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00.
• On Wednesday, February 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00.
• On Wednesday, February 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $154.09 on Friday. The firm’s 50 day moving average price is $146.26 and its 200-day moving average price is $140.54. Alphabet Inc. has a twelve month low of $102.63 and a twelve month high of $160.22. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.92 trillion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the business earned $1.05 EPS. Equities research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wolfe Research upped their target price on shares of Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic upped their target price on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of Alphabet in a research report on Wednesday, April 10th. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Truist Financial increased their price objective on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DC Investments Management LLC bought a new stake in Alphabet during the 1st quarter worth approximately $114,000. Bridgefront Capital LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $225,000. Worth Asset Management LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $206,000. Eudaimonia Advisors LLC raised its position in shares of Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $281,000. Institutional investors own 40.03% of the company’s stock.

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.