Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 39,140 shares of the information services provider’s stock after selling 700 shares during the quarter. Alphabet makes up about 1.7% of Stonebridge Capital Management Inc.’s holdings, making the stock its 20th largest holding. Stonebridge Capital Management Inc.’s holdings in Alphabet were worth $3,473,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora grew its holdings in Alphabet by 1,900.0% in the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Saban Cheryl boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after acquiring an additional 190 shares during the last quarter. Finally, Gould Capital LLC boosted its stake in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after acquiring an additional 301 shares during the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOG shares. JPMorgan Chase & Co. set a $118.00 price target on Alphabet in a research note on Thursday, February 9th. Royal Bank of Canada set a $130.00 price target on Alphabet in a research note on Friday, February 3rd. The Goldman Sachs Group set a $128.00 price target on Alphabet in a research note on Friday, February 3rd. Cowen lowered their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Finally, Oppenheimer lifted their price objective on Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Activity at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,245 shares of company stock worth $7,174,078. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

GOOG stock opened at $102.46 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.31 trillion, a PE ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The business’s fifty day moving average price is $95.69 and its 200 day moving average price is $96.82.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. Alphabet’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 5.12 EPS for the current year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.