Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lowered by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,959 shares of the information services provider’s stock after selling 6,597 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Alphabet were worth $16,944,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. OLD Second National Bank of Aurora lifted its holdings in Alphabet by 1,900.0% in the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. lifted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the last quarter. Saban Cheryl lifted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 190 shares during the last quarter. Finally, Gould Capital LLC lifted its holdings in Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 301 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,008,412. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The disclosure for this sale can be found here. Insiders have sold a total of 74,245 shares of company stock worth $7,174,078 over the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.4 %

NASDAQ:GOOG opened at $102.46 on Friday. The stock’s 50 day moving average price is $95.69 and its 200 day moving average price is $96.82. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The company has a market capitalization of $1.31 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc. will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. JPMorgan Chase & Co. set a $118.00 price target on shares of Alphabet in a report on Thursday, February 9th. The Goldman Sachs Group set a $128.00 price target on shares of Alphabet in a report on Friday, February 3rd. Cowen reduced their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Oppenheimer upped their price objective on shares of Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, Bank of America upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alphabet Profile

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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.