Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
John Kent Walker, President of Global Affairs and Chief Legal Officer at Alphabet Inc. (NASDAQ:GOOGL), recently executed a series of stock transactions, selling a total of 17,690 shares of Alphabet’s Class C Capital Stock. The sales, which took place on February 18, 2025, were conducted at prices ranging from $184.4019 to $187.0467 per share, amounting to approximately $3.28 million. According to InvestingPro data, Alphabet maintains strong financial health with a "GREAT" overall score, supported by robust revenue growth of ~14% and a market capitalization of $2.24 trillion.
These transactions were part of a Rule 10b5-1 Trading Plan that Walker had adopted on May 29, 2024. Following these sales, Walker holds 43,111 shares indirectly through the Arete Trust, where he serves as a trustee alongside Diana Ruth Walsh.
Additionally, on February 19, 2025, Walker reported a transaction involving the acquisition and disposition of 17,690 shares, both at a price of $0, reflecting a non-cash transfer of shares.
These filings provide investors with insights into the trading activities of Alphabet’s top executives, offering a glimpse into their personal financial strategies and potential views on the company’s stock performance.
In other recent news, Google’s European division has settled a tax claim for $340 million, encompassing sanctions, penalties, and interest for the period from 2015 to 2019. This settlement with Milan prosecutors concludes the legal proceedings against Google’s European division regarding the tax claim. Meanwhile, Google’s plans to integrate Bitcoin wallet authentication have been unveiled by its Web3 specialist, aiming to merge conventional digital identities with decentralized asset management. This development has sparked mixed reactions, with some expressing concerns about potential privacy risks while others view it as a step towards mainstream Bitcoin adoption.
In another development, Cercano Management has reduced its stake in Microsoft (NASDAQ:MSFT) by 36% over two years, while increasing its holdings in Alphabet, Meta (NASDAQ:META), and Apple (NASDAQ:AAPL). This shift is part of Cercano’s strategy as it transitions into a standalone multifamily office. Alphabet also saw a revision from Mizuho (NYSE:MFG) Securities, which lowered its stock price target from $235 to $230, citing mixed financial results. Despite weaker performance in Alphabet’s Google Cloud division, the company’s advertising revenues exceeded expectations, and its operating income met projections.
Additionally, Elon Musk’s xAI has launched its updated Grok-3 chatbot, claiming superior performance over rivals like OpenAI’s GPT-4o and Alphabet’s Google Gemini. Musk’s xAI continues to enhance its models, promising improvements and introducing a new subscription service. The ongoing rivalry between Musk’s xAI and OpenAI persists, with Musk’s previous acquisition offer for OpenAI being rejected.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.