Dupont Capital Management Corp Decreases Position in Alphabet Inc. $GOOG

Key Points

• Dupont Capital Management Corp has decreased its position in Alphabet Inc. by 32.2% during the 2nd quarter, holding 142,823 shares after selling 67,753 shares.
• Analyst ratings for Alphabet show a mix of opinions, with six analysts$246.26.
• Insider transactions disclose significant sales, including a 35.65% decrease in shares owned by insider John Kent Walker, who sold 23,820 shares for approximately $4.6 million.

Dupont Capital Management Corp lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 32.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,823 shares of the information services provider's stock after selling 67,753 shares during the quarter. Alphabet comprises 2.7% of Dupont Capital Management Corp's portfolio, making the stock its 9th biggest holding. Dupont Capital Management Corp's holdings in Alphabet were worth $25,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Revisor Wealth Management LLC raised its stake in Alphabet by 107.9% during the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider's stock valued at $572,000 after purchasing an additional 1,899 shares during the period. GAMMA Investing LLC raised its stake in Alphabet by 19.5% during the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider's stock valued at $14,323,000 after purchasing an additional 14,931 shares during the period. Global Assets Advisory LLC raised its stake in Alphabet by 338.5% during the 1st quarter. Global Assets Advisory LLC now owns 4,775 shares of the information services provider's stock valued at $742,000 after purchasing an additional 3,686 shares during the period. Finally, Balance Wealth LLC bought a new stake in Alphabet during the 1st quarter valued at approximately $536,000. Institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on GOOG shares. TD Cowen lifted their target price on Alphabet from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. KeyCorp set a $265.00 target price on Alphabet in a research note on Wednesday, September 3rd. Oppenheimer set a $300.00 price target on Alphabet and gave the company an "outperform" rating in a report on Monday. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Finally, Roth Capital restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $246.26.

Alphabet Stock Performance

NASDAQ GOOG opened at $253.73 on Friday. The stock has a market capitalization of $3.07 trillion, a PE ratio of 27.02, a P/E/G ratio of 1.70 and a beta of 1.00. The business has a 50 day simple moving average of $236.22 and a two-hundred day simple moving average of $195.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $257.88.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. On average, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company's stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,150 shares of company stock worth $55,805,379. 12.99% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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