One Capital Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,783 shares of the information services provider's stock after selling 4,619 shares during the quarter. One Capital Management LLC's holdings in Alphabet were worth $14,908,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the business. Veracity Capital LLC lifted its holdings in Alphabet by 12.4% during the 4th quarter. Veracity Capital LLC now owns 10,597 shares of the information services provider's stock worth $1,493,000 after buying an additional 1,173 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Alphabet by 25.3% in the fourth quarter. Independence Bank of Kentucky now owns 6,093 shares of the information services provider's stock worth $859,000 after purchasing an additional 1,230 shares during the period. Washington Trust Bank boosted its holdings in Alphabet by 33.0% in the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider's stock worth $970,000 after purchasing an additional 1,826 shares during the period. CNB Bank increased its stake in Alphabet by 6.6% during the third quarter. CNB Bank now owns 27,723 shares of the information services provider's stock valued at $3,655,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Sloy Dahl & Holst LLC raised its holdings in shares of Alphabet by 1.9% during the third quarter. Sloy Dahl & Holst LLC now owns 8,238 shares of the information services provider's stock worth $1,086,000 after purchasing an additional 155 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total value of $3,219,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,355,191 shares in the company, valued at $336,980,728.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total value of $3,219,300.00. Following the sale, the chief executive officer now directly owns 2,355,191 shares in the company, valued at $336,980,728.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the firm's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company's stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,629 shares of company stock worth $37,091,240. 12.99% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on GOOG. Raymond James lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, April 8th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Morgan Stanley restated an "overweight" rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $165.67.
Check Out Our Latest Research Report on GOOG
Alphabet Stock Performance
Shares of NASDAQ GOOG traded down $1.29 during midday trading on Friday, hitting $170.29. 18,740,458 shares of the company's stock were exchanged, compared to its average volume of 22,197,292. Alphabet Inc. has a twelve month low of $114.93 and a twelve month high of $176.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market cap of $2.10 trillion, a P/E ratio of 26.12, a PEG ratio of 1.28 and a beta of 1.02. The stock's 50 day moving average price is $154.69 and its 200-day moving average price is $144.81.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to analysts' expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 7.66 EPS for the current year.
Alphabet Announces Dividend
The business also recently announced a -- dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.
Alphabet Company Profile
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Free Report)
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.
Further Reading
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