YHB Investment Advisors Inc. Sells 1,763 Shares of Alphabet Inc (NASDAQ:GOOG)

YHB Investment Advisors Inc. trimmed its stake in Alphabet Inc (NASDAQ:GOOG) by 14.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,142 shares of the information services provider’s stock after selling 1,763 shares during the quarter. Alphabet accounts for 1.7% of YHB Investment Advisors Inc.’s portfolio, making the stock its 14th biggest position. YHB Investment Advisors Inc.’s holdings in Alphabet were worth $10,963,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new position in Alphabet during the 4th quarter valued at about $34,000. HMS Capital Management LLC purchased a new position in Alphabet during the 2nd quarter valued at about $38,000. TD Capital Management LLC lifted its position in Alphabet by 38.5% during the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 10 shares during the period. Truehand Inc purchased a new position in Alphabet during the 4th quarter valued at about $38,000. Finally, Thor Advisors LLC purchased a new position in Alphabet during the 1st quarter valued at about $56,000. 33.96% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GOOG traded down $14.19 during trading hours on Friday, hitting $1,194.82. 64,565 shares of the company’s stock traded hands, compared to its average volume of 1,439,834. The stock has a fifty day simple moving average of $1,133.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The firm has a market capitalization of $850.54 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.36 and a beta of 0.95. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. During the same period in the previous year, the business posted $11.75 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts predict that Alphabet Inc will post 51.8 earnings per share for the current fiscal year.

In other Alphabet news, Director Ann Mather sold 39 shares of Alphabet stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $1,100.00, for a total transaction of $42,900.00. Following the transaction, the director now owns 1,797 shares of the company’s stock, valued at $1,976,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 69 shares of Alphabet stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the transaction, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $404,645.20. The disclosure for this sale can be found here. Insiders have sold 441 shares of company stock worth $510,339 in the last ninety days. Insiders own 12.99% of the company’s stock.

A number of research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Cowen lifted their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and issued a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, July 13th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,373.93.

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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