Alphabet Inc. (NASDAQ:GOOG - Get Free Report) CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Sundar Pichai also recently made the following trade(s):
GOOG stock traded down $7.84 during trading on Thursday, reaching $169.49. 31,830,611 shares of the stock were exchanged, compared to its average volume of 19,627,037. The company has a market capitalization of $2.07 trillion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04. Alphabet Inc. has a twelve month low of $129.40 and a twelve month high of $193.31. The stock has a 50 day simple moving average of $168.65 and a 200-day simple moving average of $171.91. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 10.61%.
Several research firms have recently issued reports on GOOG. Scotiabank assumed coverage on shares of Alphabet in a research note on Friday, October 11th. They set a "sector outperform" rating and a $212.00 target price on the stock. Wells Fargo & Company upped their target price on Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.56.
View Our Latest Stock Report on Alphabet
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new position in Alphabet in the third quarter valued at approximately $25,000. Abich Financial Wealth Management LLC boosted its holdings in Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock valued at $34,000 after acquiring an additional 184 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the third quarter worth $33,000. 1620 Investment Advisors Inc. bought a new position in shares of Alphabet in the 2nd quarter worth about $37,000. Finally, HWG Holdings LP acquired a new position in Alphabet in the second quarter valued at approximately $40,000. 27.26% of the stock is owned by institutional investors.
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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