Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,820 shares of the information services provider’s stock after selling 100 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Alphabet were worth $345,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Hengehold Capital Management LLC raised its position in shares of Alphabet by 2.5% during the 4th quarter. Hengehold Capital Management LLC now owns 8,287 shares of the information services provider’s stock worth $1,569,000 after purchasing an additional 201 shares during the last quarter. Seneca House Advisors raised its position in shares of Alphabet by 1.5% during the 4th quarter. Seneca House Advisors now owns 66,382 shares of the information services provider’s stock worth $12,566,000 after purchasing an additional 974 shares during the last quarter. Montecito Bank & Trust raised its position in shares of Alphabet by 1.1% during the 4th quarter. Montecito Bank & Trust now owns 52,622 shares of the information services provider’s stock worth $9,961,000 after purchasing an additional 575 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $220,000. Finally, New Century Financial Group LLC raised its position in shares of Alphabet by 43.4% during the 4th quarter. New Century Financial Group LLC now owns 20,348 shares of the information services provider’s stock worth $3,902,000 after purchasing an additional 6,160 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wolfe Research boosted their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Scotiabank upgraded Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Needham & Company LLC boosted their price target on Alphabet from $210.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Sanford C. Bernstein boosted their price target on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Get Our Latest Report on GOOGL

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,887 shares of company stock valued at $22,470,464 over the last quarter. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $195.41 on Thursday. The firm’s 50-day moving average is $187.14 and its 200-day moving average is $173.69. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $202.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the firm posted $1.55 EPS. Equities research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

About Alphabet

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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