Norris Perne & French LLP MI trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,232 shares of the information services provider’s stock after selling 42 shares during the period. Norris Perne & French LLP MI’s holdings in Alphabet were worth $2,984,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comprehensive Portfolio Management LLC raised its stake in Alphabet by 1.4% in the 4th quarter. Comprehensive Portfolio Management LLC now owns 503 shares of the information services provider’s stock valued at $673,000 after purchasing an additional 7 shares during the last quarter. Scott & Selber Inc. boosted its position in Alphabet by 0.4% during the 3rd quarter. Scott & Selber Inc. now owns 2,285 shares of the information services provider’s stock worth $2,785,000 after purchasing an additional 8 shares during the period. Golden State Wealth Management LLC increased its holdings in Alphabet by 0.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 895 shares of the information services provider’s stock valued at $1,091,000 after purchasing an additional 8 shares in the last quarter. PRW Wealth Management LLC grew its stake in shares of Alphabet by 1.3% in the third quarter. PRW Wealth Management LLC now owns 639 shares of the information services provider’s stock valued at $778,000 after buying an additional 8 shares in the last quarter. Finally, Bourgeon Capital Management LLC boosted its stake in shares of Alphabet by 1.9% in the third quarter. Bourgeon Capital Management LLC now owns 424 shares of the information services provider’s stock valued at $517,000 after purchasing an additional 8 shares during the period. Institutional investors own 33.80% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. ValuEngine cut Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, October 28th. Sanford C. Bernstein began coverage on Alphabet in a research report on Thursday, January 9th. They issued an “outperform” rating for the company. Finally, Cleveland Research restated a “neutral” rating on shares of Alphabet in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,499.88.

In other Alphabet news, Director Ann Mather sold 25 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,265.00, for a total transaction of $31,625.00. Following the completion of the transaction, the director now owns 1,823 shares in the company, valued at approximately $2,306,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 54 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $1,276.45, for a total value of $68,928.30. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $495,262.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,674,700 shares of company stock worth $336,637,779. 12.99% of the stock is currently owned by insiders.

NASDAQ GOOG traded up $7.33 during trading hours on Wednesday, hitting $1,491.73. The company had a trading volume of 636,686 shares, compared to its average volume of 1,141,130. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1,021.00 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. Alphabet Inc has a fifty-two week low of $1,025.00 and a fifty-two week high of $1,491.85. The business has a fifty day simple moving average of $1,376.95 and a 200-day simple moving average of $1,259.39.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.17 billion. During the same period last year, the firm posted $13.06 EPS. The business’s revenue was up 20.0% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc will post 49.03 EPS for the current fiscal year.

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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