Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $1,073.27, for a total value of $10,732,700.00. Following the sale, the chief executive officer now directly owns 844 shares in the company, valued at $905,839.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, October 17th, Sundar Pichai sold 10,000 shares of Alphabet stock. The stock was sold at an average price of $1,113.91, for a total value of $11,139,100.00.
  • On Wednesday, October 3rd, Sundar Pichai sold 10,000 shares of Alphabet stock. The stock was sold at an average price of $1,200.04, for a total value of $12,000,400.00.
  • On Wednesday, September 19th, Sundar Pichai sold 10,000 shares of Alphabet stock. The stock was sold at an average price of $1,160.42, for a total value of $11,604,200.00.
  • On Wednesday, September 5th, Sundar Pichai sold 10,000 shares of Alphabet stock. The stock was sold at an average price of $1,192.12, for a total value of $11,921,200.00.
  • On Wednesday, August 15th, Sundar Pichai sold 10,000 shares of Alphabet stock. The stock was sold at an average price of $1,230.21, for a total value of $12,302,100.00.

Shares of GOOG traded down $16.25 during mid-day trading on Friday, reaching $1,066.15. 1,343,154 shares of the company’s stock traded hands, compared to its average volume of 2,196,888. The stock has a market cap of $760.87 billion, a price-to-earnings ratio of 24.60 and a beta of 1.16. Alphabet Inc has a 12 month low of $980.64 and a 12 month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating analysts’ consensus estimates of $10.41 by $2.65. The firm had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

Several equities research analysts have weighed in on the company. Raymond James reissued an “outperform” rating and set a $1,405.00 price objective (up from $1,240.00) on shares of Alphabet in a research note on Tuesday, July 24th. Oppenheimer boosted their price objective on Alphabet from $1,350.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. BidaskClub cut Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. Finally, Barclays reissued a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,301.81.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ironwood Financial llc boosted its holdings in shares of Alphabet by 111.1% in the third quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 50 shares during the period. Braun Bostich & Associates Inc. purchased a new stake in shares of Alphabet in the first quarter valued at approximately $107,000. Patton Albertson Miller Group LLC purchased a new stake in shares of Alphabet in the third quarter valued at approximately $116,000. ELM Advisors LLC purchased a new stake in shares of Alphabet in the third quarter valued at approximately $138,000. Finally, JJJ Advisors Inc. purchased a new stake in shares of Alphabet in the second quarter valued at approximately $134,000. 34.16% of the stock is currently owned by hedge funds and other institutional investors.

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About Alphabet

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.

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