Carderock Capital Management Inc. decreased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180 shares of the information services provider’s stock after selling 15 shares during the quarter. Carderock Capital Management Inc.’s holdings in Alphabet were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOG. Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter worth $2,325,502,000. BlackRock Inc. increased its stake in shares of Alphabet by 1.5% in the first quarter. BlackRock Inc. now owns 20,264,225 shares of the information services provider’s stock worth $23,563,444,000 after acquiring an additional 295,467 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Alphabet by 17.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,462,119 shares of the information services provider’s stock worth $1,700,167,000 after acquiring an additional 218,275 shares during the period. Swiss National Bank increased its stake in shares of Alphabet by 21.7% in the first quarter. Swiss National Bank now owns 1,199,996 shares of the information services provider’s stock worth $1,395,367,000 after acquiring an additional 214,200 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Alphabet by 9.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,515,209 shares of the information services provider’s stock worth $3,362,886,000 after acquiring an additional 211,618 shares during the period. Institutional investors and hedge funds own 33.61% of the company’s stock.

In other news, Director Ann Mather sold 31 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $1,352.66, for a total value of $41,932.46. Following the completion of the sale, the director now directly owns 1,119 shares in the company, valued at $1,513,626.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 60 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,363.61, for a total transaction of $81,816.60. Following the completion of the sale, the director now owns 592 shares of the company’s stock, valued at $807,257.12. The disclosure for this sale can be found here. Insiders sold 325 shares of company stock valued at $409,753 over the last quarter. Company insiders own 12.99% of the company’s stock.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $1,340.00 to $1,505.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wedbush reissued an “outperform” rating and set a $1,625.00 price target on shares of Alphabet in a report on Tuesday, February 4th. BMO Capital Markets raised shares of Alphabet from a “market perform” rating to an “outperform” rating in a report on Monday, March 30th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, April 29th. Finally, Cfra increased their price target on shares of Alphabet from $1,737.00 to $1,761.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,580.52.

Shares of NASDAQ GOOG traded down $1.04 during mid-day trading on Friday, reaching $1,401.76. The company’s stock had a trading volume of 62,390 shares, compared to its average volume of 1,806,928. The stock has a 50-day moving average of $1,279.53 and a two-hundred day moving average of $1,331.21. The stock has a market capitalization of $960.25 billion, a P/E ratio of 28.31, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. Alphabet Inc has a 1-year low of $1,013.54 and a 1-year high of $1,532.11.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the Zacks’ consensus estimate of $11.27 by ($1.40). The business had revenue of $41.16 billion during the quarter, compared to analyst estimates of $40.29 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. Alphabet’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $9.50 earnings per share. Analysts predict that Alphabet Inc will post 41.47 EPS for the current fiscal year.

Alphabet Company 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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