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HomeBreaking NewsHow Did Sundar Pichai Transform Google Alphabet and Why Will Its Stock...

How Did Sundar Pichai Transform Google Alphabet and Why Will Its Stock Reach New Highs

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Sundar Pichai  is one of the world’s highest-paid executives. In 2019 he was awarded $281 million in total compensation.  When Google’s co founders Larry Page and Sergey Brin were stepping down from the company, they picked Pichai to take over as Alphabet CEO.

  • Sundar Pichai joined Google in 2004, the same day that the US-based tech giant launched Gmail
  • He played an important role in the launch of several key products such as Google Chrome, Gmail, Google Maps and expansion in cloud.

One of the great achievements for Pichai was the development of the Chrome Browser that  occurred after Microsoft made Bing the default browser for Explorer.

The Los Angeles Times reports- In 2014, he was tapped to lead product and engineering for all of Google’s products and platforms, including Gmail and Android. The next year, he was leading the company. He joined Alphabet’s board of directors in 2017.  Source: LA Times

Sundar Pichai is the CEO of Alphabet Inc. (GOOG)Nasdaq. Pichai’s annual salary is $650,000, and  will increase to $2 million in 2020, He will receive a performance-based unit  stock award. That award is a total of 120 million dollars divided up into two grants. The grant amount will be given depending upon the stock amount at the time it is dispersed.

Insider Information: PICHAI SUNDAR Chief Executive Officer- Conversion of Exercise of derivative security: Mar 24, 2020  106,742

According to TipRanks.com – There is a   strong buy based on 34 analyst ratings

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   23,162,950                     Mar 30, 2020           6.87%       26,934,109,889

Blackrock Inc.         20,264,225                     Mar 30, 2020           6.01%       23,563,443,472

Price (T.Rowe) Associates Inc           12,520,058                     Mar 30, 2020           3.71%       14,558,448,642

State Street Corporation                             11,814,026                     Mar 30, 2020           3.50%       13,737,467,573

There were a total of 147 hedge funds with a bullish position in Google Alphabet.

The largest stake in Alphabet Inc (NASDAQ:GOOGL) was held by Fisher Asset Management, which reported holding $1736.5 million worth of stock at the end of September. It was followed by Citadel Investment Group with a $1585.4 million position.

Alphabet  is a blue-chip  stock, which is only seeing an increase in both revenue and company value each year. The company has good fundamentals and regularly reports good financial figures. For long-term investors,  Alphabet  Inc. is  definitely  worth a buy as analysts predict that the company will continue to do well given its strong fundamentals and recent new technology developments.

CWEB market analysts believe that Google will go above $2000 per share in 2021.

 

 

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

 

 

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