Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Decreased by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.6% in the 4th quarter, HoldingsChannel reports. The firm owned 157,370 shares of the information services provider’s stock after selling 14,834 shares during the period. Alphabet makes up 2.9% of Twin Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position. Twin Capital Management Inc.’s holdings in Alphabet were worth $21,983,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Aire Advisors LLC grew its position in Alphabet by 0.6% during the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after buying an additional 68 shares during the period. Defined Wealth Management LLC grew its holdings in shares of Alphabet by 2.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after acquiring an additional 71 shares during the period. WealthCare Investment Partners LLC increased its stake in Alphabet by 2.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after purchasing an additional 71 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC boosted its position in Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. Roth Mkm reduced their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Citigroup reissued a “buy” rating and set a $168.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.71.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 in the last three months. 0.88% of the stock is owned by insiders.

Alphabet Price Performance

GOOGL opened at $156.00 on Friday. The company has a 50 day moving average of $147.22 and a two-hundred day moving average of $141.16. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a market cap of $1.94 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the firm posted $1.05 earnings per share. On average, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Alphabet Company Profile

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.