Alphabet Inc. (NASDAQ:GOOG) Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,803 shares of the information services provider’s stock after selling 3,512 shares during the quarter. Alphabet accounts for approximately 3.4% of RPG Investment Advisory LLC’s portfolio, making the stock its 4th largest position. RPG Investment Advisory LLC’s holdings in Alphabet were worth $19,694,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Alphabet by 0.3% during the first quarter. BlackRock Inc. now owns 365,927,668 shares of the information services provider’s stock worth $38,056,478,000 after buying an additional 1,230,697 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Alphabet by 94,153.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock worth $24,261,537,000 after acquiring an additional 200,345,509 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after acquiring an additional 129,835,437 shares in the last quarter. Morgan Stanley raised its holdings in shares of Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock valued at $6,368,961,000 after purchasing an additional 19,612,974 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Alphabet by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 71,490,715 shares of the information services provider’s stock valued at $7,435,034,000 after purchasing an additional 2,041,609 shares in the last quarter. Institutional investors and hedge funds own 27.13% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded up $0.39 during trading on Monday, reaching $137.33. 5,690,127 shares of the stock traded hands, compared to its average volume of 25,851,057. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01. The stock has a market capitalization of $1.72 trillion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $142.38. The company has a 50-day moving average of $134.60 and a 200-day moving average of $128.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. Analysts forecast that Alphabet Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the completion of the transaction, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the transaction, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,576 shares of company stock worth $23,425,367. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GOOG shares. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Wedbush initiated coverage on Alphabet in a report on Monday, August 21st. They issued an “outperform” rating for the company. Robert W. Baird lifted their price target on Alphabet from $123.00 to $140.00 in a report on Wednesday, July 26th. Finally, Susquehanna upped their price objective on Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $130.69.

About Alphabet

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.