Alphabet Inc (GOOGL) Shares Sold by Barton Investment Management

Barton Investment Management reduced its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,001 shares of the information services provider’s stock after selling 46 shares during the period. Alphabet makes up 1.1% of Barton Investment Management’s portfolio, making the stock its 13th biggest holding. Barton Investment Management’s holdings in Alphabet were worth $5,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Capital Insight Partners LLC grew its stake in shares of Alphabet by 0.4% in the 4th quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock worth $2,669,000 after buying an additional 10 shares in the last quarter. Anderson Hoagland & Co. grew its stake in shares of Alphabet by 0.7% in the 4th quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock worth $1,565,000 after buying an additional 11 shares in the last quarter. HT Partners LLC grew its stake in shares of Alphabet by 4.0% in the 4th quarter. HT Partners LLC now owns 365 shares of the information services provider’s stock worth $381,000 after buying an additional 14 shares in the last quarter. Beech Hill Advisors Inc. grew its stake in shares of Alphabet by 0.3% in the 4th quarter. Beech Hill Advisors Inc. now owns 5,695 shares of the information services provider’s stock worth $5,951,000 after buying an additional 15 shares in the last quarter. Finally, RPG Investment Advisory LLC grew its stake in shares of Alphabet by 3.8% in the 4th quarter. RPG Investment Advisory LLC now owns 441 shares of the information services provider’s stock worth $461,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 33.99% of the company’s stock.

Shares of Alphabet stock traded down $10.54 during trading on Wednesday, reaching $1,260.05. The company’s stock had a trading volume of 836,768 shares, compared to its average volume of 1,535,778. The stock has a market capitalization of $875.97 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.46 and a beta of 1.05. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, beating analysts’ consensus estimates of $11.08 by $1.69. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. During the same period last year, the firm posted $9.70 EPS. Analysts anticipate that Alphabet Inc will post 47.31 earnings per share for the current year.

A number of equities analysts recently commented on the stock. Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,140.00 to $1,250.00 in a research note on Thursday, January 3rd. Zacks Investment Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Pivotal Research raised shares of Alphabet from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,010.00 to $1,240.00 in a research note on Monday, January 7th. ValuEngine cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,329.91.

TRADEMARK VIOLATION WARNING: “Alphabet Inc (GOOGL) Shares Sold by Barton Investment Management” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/barton-investment-management-sells-46-shares-of-alphabet-inc-googl.html.

Alphabet 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.

Featured Article: When is a capital gain realized?

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.