Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,584 shares of the information services provider’s stock after selling 1,772 shares during the quarter. Alphabet accounts for approximately 3.0% of Windward Capital Management Co. CA’s portfolio, making the stock its 10th largest holding. Windward Capital Management Co. CA’s holdings in Alphabet were worth $27,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Vanguard Group Inc. grew its stake in shares of Alphabet by 1,885.5% during the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares during the period. BlackRock Inc. grew its stake in shares of Alphabet by 1,857.3% during the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares during the period. State Street Corp grew its stake in shares of Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after purchasing an additional 186,809,281 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after purchasing an additional 59,964,963 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The disclosure for this sale can be found here. Insiders sold a total of 74,245 shares of company stock worth $7,174,078 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

GOOG stock opened at $102.46 on Friday. The business has a 50 day moving average price of $95.69 and a 200 day moving average price of $96.82. The stock has a market cap of $1.31 trillion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $144.16. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein set a $130.00 price objective on shares of Alphabet in a research note on Monday, February 6th. Cowen dropped their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Raymond James lifted their price target on shares of Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group set a $128.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Finally, Credit Suisse Group set a $136.00 price objective on Alphabet in a report on Friday, February 3rd. One 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.13.

About Alphabet

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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.