AlphaMark Advisors LLC Sells 305 Shares of Alphabet Inc. (NASDAQ:GOOG)

AlphaMark Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,037 shares of the information services provider’s stock after selling 305 shares during the quarter. AlphaMark Advisors LLC’s holdings in Alphabet were worth $1,555,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DC Investments Management LLC bought a new stake in Alphabet in the 1st quarter worth about $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the 1st quarter worth about $184,000. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares during the period. qPULA Trading Management LP purchased a new stake in shares of Alphabet during the 1st quarter valued at about $279,000. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Alphabet by 29.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after purchasing an additional 26 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 12,084 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the transaction, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John Kent Walker sold 12,084 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the transaction, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 263,312 shares of company stock worth $37,268,315 in the last three months. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOG shares. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $146.33.

Get Our Latest Stock Analysis on GOOG

Alphabet Trading Up 0.2 %

Shares of NASDAQ:GOOG opened at $152.26 on Monday. The stock has a 50 day moving average of $144.98 and a 200 day moving average of $139.60. The company has a market cap of $1.89 trillion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $100.29 and a 12-month high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Alphabet Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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