Lee Danner & Bass Inc. Has $37.26 Million Holdings in Alphabet Inc. $GOOG

Lee Danner & Bass Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,035 shares of the information services provider’s stock after selling 1,739 shares during the period. Alphabet accounts for approximately 2.9% of Lee Danner & Bass Inc.’s holdings, making the stock its 5th largest position. Lee Danner & Bass Inc.’s holdings in Alphabet were worth $37,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Brighton Jones LLC grew its holdings in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after purchasing an additional 6,410 shares during the period. Revisor Wealth Management LLC lifted its position in Alphabet by 107.9% during the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after acquiring an additional 1,899 shares during the last quarter. 3Chopt Investment Partners LLC lifted its position in Alphabet by 1.3% during the first quarter. 3Chopt Investment Partners LLC now owns 47,115 shares of the information services provider’s stock worth $7,361,000 after acquiring an additional 606 shares during the last quarter. Gold Investment Management Ltd. lifted its position in Alphabet by 6.5% during the first quarter. Gold Investment Management Ltd. now owns 5,606 shares of the information services provider’s stock worth $876,000 after acquiring an additional 342 shares during the last quarter. Finally, BSW Wealth Partners lifted its position in Alphabet by 21.4% during the first quarter. BSW Wealth Partners now owns 29,727 shares of the information services provider’s stock worth $4,644,000 after acquiring an additional 5,249 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of Alphabet from $230.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Pivotal Research raised their price objective on shares of Alphabet from $245.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Raymond James Financial set a $275.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Friday. Finally, Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $249.68.

Alphabet Stock Up 2.7%

NASDAQ GOOG opened at $260.51 on Monday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $262.51. The company has a market cap of $3.15 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.76 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $237.33 and a 200-day moving average of $196.91.

Alphabet 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.