Sundar Pichai Sells 10,000 Shares of Alphabet Inc (GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) CEO Sundar Pichai sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $1,041.75, for a total transaction of $10,417,500.00. Following the completion of the transaction, the chief executive officer now owns 830 shares in the company, valued at $864,652.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 21st, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,038.35, for a total transaction of $10,383,500.00.
  • On Wednesday, November 7th, Sundar Pichai sold 10,000 shares of Alphabet stock. The shares were sold at an average price of $1,073.27, for a total value of $10,732,700.00.
  • 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.

GOOG stock traded up $17.91 during midday trading on Thursday, reaching $1,068.73. 2,762,191 shares of the company’s stock traded hands, compared to its average volume of 1,720,130. The stock has a market capitalization of $731.24 billion, a price-to-earnings ratio of 23.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89.



Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The business had revenue of $27.16 billion for the quarter.

Several research firms have issued reports on GOOG. JMP Securities reiterated a “neutral” rating on shares of Alphabet in a research report on Friday, November 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Nomura reissued a “buy” rating on shares of Alphabet in a research note on Tuesday. Macquarie reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,301.81.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Alphabet in the third quarter valued at about $2,887,000. Great Lakes Advisors LLC boosted its holdings in shares of Alphabet by 5.5% during the third quarter. Great Lakes Advisors LLC now owns 55,130 shares of the information services provider’s stock worth $65,796,000 after acquiring an additional 2,897 shares during the period. HM Payson & Co. bought a new stake in shares of Alphabet during the third quarter worth approximately $35,658,000. Clearbridge Investments LLC boosted its holdings in shares of Alphabet by 12.9% during the third quarter. Clearbridge Investments LLC now owns 1,176,233 shares of the information services provider’s stock worth $1,403,799,000 after acquiring an additional 134,852 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its stake in shares of Alphabet by 38.9% in the third quarter. Carnegie Capital Asset Management LLC now owns 14,107 shares of the information services provider’s stock valued at $14,987,000 after buying an additional 3,951 shares during the period. 40.44% of the stock is currently owned by hedge funds and other institutional investors.

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Alphabet 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.

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