Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sundar Pichai also recently made the following trade(s):
- On Wednesday, October 2nd, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $167.07, for a total value of $3,759,075.00.
- On Wednesday, September 18th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00.
- On Wednesday, September 4th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $158.68, for a total value of $3,570,300.00.
- On Wednesday, August 21st, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00.
- On Wednesday, August 7th, Sundar Pichai sold 22,500 shares of Alphabet stock. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00.
Alphabet Stock Performance
Shares of GOOGL opened at $162.93 on Friday. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.21 and a beta of 1.04. The business’s 50 day moving average is $161.77 and its two-hundred day moving average is $168.01.
Institutional Investors Weigh In On Alphabet
Institutional investors have recently made changes to their positions in the company. BlueChip Wealth Advisors LLC bought a new position in Alphabet during the 4th quarter worth $341,000. Accent Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth $6,951,000. Warren Street Wealth Advisors LLC boosted its position in Alphabet by 5.8% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 7,380 shares of the information services provider’s stock worth $1,031,000 after acquiring an additional 402 shares during the period. Grayhawk Investment Strategies Inc. boosted its position in Alphabet by 94.6% during the 4th quarter. Grayhawk Investment Strategies Inc. now owns 1,090 shares of the information services provider’s stock worth $152,000 after acquiring an additional 530 shares during the period. Finally, Napatree Capital LLC acquired a new position in Alphabet during the 4th quarter worth $467,000. 40.03% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
GOOGL has been the subject of a number of recent research reports. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Rosenblatt Securities restated a “neutral” rating and issued a $181.00 price target on shares of Alphabet in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. DA Davidson began coverage on Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target for the company. Finally, UBS Group lifted their price target on Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.76.
Check Out Our Latest Stock Report on GOOGL
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.
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