Alphabet Inc. (NASDAQ:GOOG) Holdings Trimmed by Parthenon LLC

Parthenon LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,590 shares of the information services provider’s stock after selling 445 shares during the period. Alphabet makes up 2.8% of Parthenon LLC’s portfolio, making the stock its 8th biggest position. Parthenon LLC’s holdings in Alphabet were worth $20,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. Savant Capital LLC raised its holdings in shares of Alphabet by 7.2% during the fourth quarter. Savant Capital LLC now owns 124,600 shares of the information services provider’s stock worth $17,560,000 after acquiring an additional 8,409 shares in the last quarter. Bridgewater Advisors Inc. increased its position in Alphabet by 9.6% in the 4th quarter. Bridgewater Advisors Inc. now owns 29,986 shares of the information services provider’s stock worth $4,226,000 after purchasing an additional 2,621 shares during the last quarter. Citizens Business Bank raised its stake in shares of Alphabet by 32.1% during the 4th quarter. Citizens Business Bank now owns 7,528 shares of the information services provider’s stock worth $1,061,000 after purchasing an additional 1,828 shares in the last quarter. MONECO Advisors LLC grew its stake in shares of Alphabet by 10.3% in the 4th quarter. MONECO Advisors LLC now owns 14,200 shares of the information services provider’s stock valued at $2,001,000 after buying an additional 1,330 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in Alphabet by 9.7% in the fourth quarter. Brighton Jones LLC now owns 118,806 shares of the information services provider’s stock worth $16,743,000 after buying an additional 10,492 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock valued at $40,382,765 over the last ninety days. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on GOOG shares. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Raymond James upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $165.67.

Alphabet Trading Up 0.6 %

Shares of GOOG stock opened at $165.57 on Thursday. The firm has a market capitalization of $2.06 trillion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Alphabet Inc. has a 1 year low of $104.50 and a 1 year high of $176.42. The firm’s fifty day simple moving average is $150.52 and its 200 day simple moving average is $143.31. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

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.