Hancock Whitney Corp Sells 117 Shares of Alphabet Inc (NASDAQ:GOOG)

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Hancock Whitney Corp lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,571 shares of the information services provider’s stock after selling 117 shares during the period. Hancock Whitney Corp’s holdings in Alphabet were worth $2,100,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Polen Capital Management LLC boosted its holdings in shares of Alphabet by 3.3% during the 4th quarter. Polen Capital Management LLC now owns 1,408,389 shares of the information services provider’s stock valued at $1,883,044,000 after buying an additional 44,705 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Alphabet by 2.3% during the 4th quarter. Fiera Capital Corp now owns 7,539 shares of the information services provider’s stock valued at $10,080,000 after buying an additional 171 shares in the last quarter. 9258 Wealth Management LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $602,000. TrinityPoint Wealth LLC boosted its holdings in shares of Alphabet by 0.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 8,212 shares of the information services provider’s stock valued at $10,979,000 after buying an additional 23 shares in the last quarter. Finally, Gryphon Financial Partners LLC boosted its holdings in shares of Alphabet by 4.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 571 shares of the information services provider’s stock valued at $763,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Alphabet stock opened at $1,520.74 on Friday. The firm has a 50 day moving average of $1,435.34 and a 200 day moving average of $1,297.27. The firm has a market capitalization of $1,041.00 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.69 and a beta of 1.02. Alphabet Inc has a 12-month low of $1,025.00 and a 12-month high of $1,529.63. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. The company had revenue of $46.08 billion during the quarter, compared to analyst estimates of $46.87 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.95 EPS. On average, analysts predict that Alphabet Inc will post 54.78 EPS for the current year.

GOOG has been the topic of a number of research reports. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Oppenheimer boosted their target price on shares of Alphabet from $1,530.00 to $1,620.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Deutsche Bank dropped their price target on shares of Alphabet from $1,735.00 to $1,700.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $1,535.00 price target (up previously from $1,460.00) on shares of Alphabet in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,591.10.

In other news, Director Ann Mather sold 31 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $1,300.50, for a total transaction of $40,315.50. Following the completion of the transaction, the director now directly owns 1,773 shares in the company, valued at approximately $2,305,786.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Capitalg Lp sold 830,211 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $65.53, for a total value of $54,403,726.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,013,643 shares of company stock valued at $389,654,791. Insiders own 12.99% of the company’s stock.

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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