Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,108 shares of the information services provider’s stock after selling 3,528 shares during the period. Alphabet makes up about 3.3% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 4th biggest position. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $71,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Howard Financial Services LTD. raised its position in Alphabet by 7.4% during the first quarter. Howard Financial Services LTD. now owns 7,080 shares of the information services provider’s stock worth $1,069,000 after acquiring an additional 489 shares during the last quarter. Indiana Trust & Investment Management CO grew its position in shares of Alphabet by 0.5% in the first quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock valued at $7,383,000 after purchasing an additional 261 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Alphabet by 7.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock worth $8,463,000 after purchasing an additional 3,672 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of Alphabet by 19.8% during the 1st quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock worth $366,000 after purchasing an additional 400 shares during the last quarter. Finally, LongView Wealth Management raised its position in shares of Alphabet by 2.6% during the 1st quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock worth $935,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Argus raised their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group decreased their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Roth Mkm reaffirmed a “buy” rating and set a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Finally, Mizuho lifted their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $166.72 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 1-year low of $122.68 and a 1-year high of $191.75. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.27 and a beta of 1.04. The business has a 50-day moving average of $161.95 and a 200-day moving average of $168.65.

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.