Alphabet Inc (GOOG) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,215 shares of the information services provider’s stock after selling 45 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Alphabet were worth $7,550,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Stuart Chaussee & Associates Inc. boosted its holdings in Alphabet by 108.3% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock worth $105,000 after acquiring an additional 52 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the last quarter. Price Wealth Management Inc. purchased a new position in Alphabet during the 4th quarter worth $125,000. Archford Capital Strategies LLC boosted its holdings in Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the last quarter. Finally, Almanack Investment Partners LLC. boosted its holdings in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

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In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $993.80, for a total value of $3,975,200.00. Following the sale, the chief executive officer now directly owns 940 shares in the company, valued at approximately $934,172. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 37 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $1,107.87, for a total value of $40,991.19. The disclosure for this sale can be found here. Insiders sold a total of 48,720 shares of company stock worth $52,755,337 over the last 90 days. 13.92% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. TheStreet downgraded shares of Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a report on Wednesday, January 10th. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, January 29th. Finally, Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective on the stock. in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,089.34.

NASDAQ GOOG opened at $1,007.04 on Monday. Alphabet Inc has a one year low of $817.02 and a one year high of $1,186.89. The firm has a market cap of $699,674.25, a PE ratio of 31.42 and a beta of 1.08. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same quarter in the prior year, the firm posted $9.36 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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