Dakota Wealth Management Decreases Holdings in Alphabet Inc (NASDAQ:GOOG)

Dakota Wealth Management trimmed its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,562 shares of the information services provider’s stock after selling 212 shares during the quarter. Dakota Wealth Management’s holdings in Alphabet were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ayalon Holdings Ltd. bought a new stake in Alphabet during the fourth quarter valued at approximately $32,000. First PREMIER Bank lifted its holdings in shares of Alphabet by 80.0% in the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after buying an additional 16 shares in the last quarter. CX Institutional lifted its holdings in shares of Alphabet by 471.4% in the fourth quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after buying an additional 33 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Alphabet by 440.0% in the fourth quarter. Bogart Wealth LLC now owns 54 shares of the information services provider’s stock worth $55,000 after buying an additional 44 shares in the last quarter. Finally, Norway Savings Bank lifted its holdings in shares of Alphabet by 28.6% in the fourth quarter. Norway Savings Bank now owns 90 shares of the information services provider’s stock worth $93,000 after buying an additional 20 shares in the last quarter. Institutional investors own 34.45% of the company’s stock.

In related news, Director Ann Mather sold 39 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,182.00, for a total value of $46,098.00. Following the completion of the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $2,124,054. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $463,784.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 759 shares of company stock worth $890,683. Company insiders own 13.11% of the company’s stock.

A number of equities research analysts recently issued reports on GOOG shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Deutsche Bank reaffirmed a “buy” rating and set a $1,380.00 price target (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,364.17.

Shares of NASDAQ GOOG traded up $0.03 during mid-day trading on Friday, reaching $1,236.37. The company had a trading volume of 1,331,823 shares, compared to its average volume of 1,122,685. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $859.51 billion, a PE ratio of 26.02, a PEG ratio of 1.46 and a beta of 1.05. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. The firm had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $9.70 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc will post 47.34 earnings per share for the current year.

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Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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