Alphabet Inc Class C (GOOG) CEO Sundar Pichai Sells 10,000 Shares

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Alphabet Inc Class C (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $1,192.12, for a total transaction of $11,921,200.00. Following the completion of the sale, the chief executive officer now directly owns 871 shares of the company’s stock, valued at approximately $1,038,336.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, August 15th, Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock. The shares were sold at an average price of $1,230.21, for a total transaction of $12,302,100.00.
  • On Wednesday, August 1st, Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock. The shares were sold at an average price of $1,229.07, for a total transaction of $12,290,700.00.
  • On Wednesday, July 18th, Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock. The shares were sold at an average price of $1,198.47, for a total transaction of $11,984,700.00.
  • On Thursday, July 5th, Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock. The shares were sold at an average price of $1,113.42, for a total transaction of $11,134,200.00.
  • On Wednesday, June 20th, Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock. The shares were sold at an average price of $1,179.07, for a total transaction of $11,790,700.00.

NASDAQ GOOG opened at $1,173.82 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The stock has a market cap of $847.79 billion, a price-to-earnings ratio of 29.75 and a beta of 1.11. Alphabet Inc Class C has a 1 year low of $909.70 and a 1 year high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.66 by $2.09. The firm had revenue of $32.66 billion for the quarter, compared to the consensus estimate of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.01 EPS.

Institutional investors and hedge funds have recently modified their holdings of the company. HC Financial Advisors Inc. acquired a new position in Alphabet Inc Class C in the fourth quarter worth approximately $1,156,000. First Republic Investment Management Inc. increased its holdings in Alphabet Inc Class C by 2.2% in the fourth quarter. First Republic Investment Management Inc. now owns 109,191 shares of the information services provider’s stock worth $114,257,000 after buying an additional 2,377 shares during the last quarter. West Chester Capital Advisors Inc. acquired a new position in Alphabet Inc Class C in the fourth quarter worth approximately $754,000. Brown Advisory Securities LLC increased its holdings in Alphabet Inc Class C by 7.1% in the fourth quarter. Brown Advisory Securities LLC now owns 7,131 shares of the information services provider’s stock worth $7,452,000 after buying an additional 475 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in Alphabet Inc Class C in the fourth quarter worth approximately $729,000. Institutional investors own 34.31% of the company’s stock.

GOOG has been the subject of a number of research analyst reports. Goldman Sachs Group reissued a “$1,186.96” rating on shares of Alphabet Inc Class C in a report on Thursday, July 19th. JPMorgan Chase & Co. reissued a “$1,195.88” rating on shares of Alphabet Inc Class C in a report on Wednesday, July 18th. UBS Group reissued a “$1,195.88” rating on shares of Alphabet Inc Class C in a report on Wednesday, July 18th. Macquarie reissued a “$1,205.50” rating on shares of Alphabet Inc Class C in a report on Monday, July 23rd. Finally, Credit Suisse Group reissued a “$1,205.50” rating on shares of Alphabet Inc Class C in a report on Monday, July 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,245.96.

Alphabet Inc Class C Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

See Also: Earnings Per Share (EPS) Explained

Insider Buying and Selling by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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