Alphabet Inc (GOOG) Shares Sold by Alley Co LLC

Alley Co LLC lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,183 shares of the information services provider’s stock after selling 22 shares during the quarter. Alley Co LLC’s holdings in Alphabet were worth $1,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in shares of Alphabet by 31.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,123 shares of the information services provider’s stock worth $1,163,000 after buying an additional 268 shares in the last quarter. Torray LLC increased its position in Alphabet by 5.5% in the fourth quarter. Torray LLC now owns 445 shares of the information services provider’s stock worth $461,000 after purchasing an additional 23 shares during the last quarter. Frontier Investment Mgmt Co. increased its position in Alphabet by 3.1% in the fourth quarter. Frontier Investment Mgmt Co. now owns 890 shares of the information services provider’s stock worth $922,000 after purchasing an additional 27 shares during the last quarter. TD Capital Management LLC increased its position in Alphabet by 38.5% in the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after purchasing an additional 10 shares during the last quarter. Finally, Smith Asset Management Group LP increased its position in Alphabet by 11.6% in the fourth quarter. Smith Asset Management Group LP now owns 40,678 shares of the information services provider’s stock worth $42,127,000 after purchasing an additional 4,235 shares during the last quarter. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

GOOG stock opened at $1,162.30 on Monday. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The firm has a market cap of $806.92 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.37 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $36.34 billion for the quarter, compared to analysts’ expectations of $37.36 billion. During the same quarter in the previous year, the business posted $9.93 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc will post 48.44 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, May 15th. Credit Suisse Group restated a “sell” rating on shares of Alphabet in a research report on Wednesday, May 15th. Deutsche Bank boosted their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer reduced their price target on shares of Alphabet from $1,342.00 to $1,435.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,361.50.

In other Alphabet news, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now owns 80 shares in the company, valued at $96,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,145.00, for a total transaction of $101,905.00. Following the transaction, the vice president now owns 388 shares in the company, valued at approximately $444,260. The disclosure for this sale can be found here. Insiders have sold 817 shares of company stock worth $974,730 in the last quarter. Company insiders own 13.11% of the company’s stock.

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Alphabet Company 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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