American Financial Network Advisory Services LLC decreased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 14.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 619 shares of the information services provider’s stock after selling 101 shares during the quarter. American Financial Network Advisory Services LLC’s holdings in Alphabet were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GOOG. Ayalon Holdings Ltd. purchased a new stake in Alphabet in the fourth quarter valued at $32,000. 1 North Wealth Services LLC purchased a new stake in Alphabet in the fourth quarter valued at $34,000. First PREMIER Bank raised its position in Alphabet by 80.0% in the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 16 shares during the period. TD Capital Management LLC raised 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 valued at $37,000 after purchasing an additional 10 shares during the period. Finally, CX Institutional raised its position in Alphabet by 471.4% in the fourth quarter. CX Institutional now owns 40 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

In other news, Director John L. Hennessy sold 375 shares of Alphabet stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total value of $450,000.00. Following the completion of the sale, the director now directly owns 80 shares of the company’s stock, valued at $96,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $1,124.90, for a total value of $42,746.20. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at $2,021,445.30. The disclosure for this sale can be found here. Insiders sold 817 shares of company stock valued at $974,730 over the last ninety days. Insiders own 13.11% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub downgraded Alphabet from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Deutsche Bank restated a “buy” rating and issued a $1,380.00 target price (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,361.50.

Shares of NASDAQ GOOG opened at $1,151.42 on Thursday. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $799.37 billion, a PE ratio of 24.24, a PEG ratio of 1.37 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last issued 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 return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $36.34 billion during the quarter, compared to analysts’ expectations of $37.36 billion. During the same period in the previous year, the firm posted $9.93 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts anticipate that Alphabet Inc will post 48.44 EPS for the current year.

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Alphabet 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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