White Pine Investment CO decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,515 shares of the information services provider’s stock after selling 939 shares during the quarter. Alphabet makes up approximately 4.9% of White Pine Investment CO’s holdings, making the stock its 2nd biggest holding. White Pine Investment CO’s holdings in Alphabet were worth $18,270,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its stake in shares of Alphabet by 15.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 465,680 shares of the information services provider’s stock valued at $84,824,000 after purchasing an additional 60,814 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Alphabet by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,816,038 shares of the information services provider’s stock valued at $1,241,541,000 after purchasing an additional 325,420 shares during the period. OV Management LLC increased its stake in shares of Alphabet by 1.0% in the second quarter. OV Management LLC now owns 38,136 shares of the information services provider’s stock valued at $6,946,000 after purchasing an additional 362 shares during the period. American Financial & Tax Strategies Inc. acquired a new stake in shares of Alphabet in the second quarter valued at approximately $233,000. Finally, Alta Advisers Ltd increased its stake in shares of Alphabet by 1.9% in the second quarter. Alta Advisers Ltd now owns 16,100 shares of the information services provider’s stock valued at $2,933,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on GOOGL shares. JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. KeyCorp increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Loop Capital increased their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.44.
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 over the last three months. Corporate insiders own 11.55% of the company’s stock.
Alphabet Price Performance
Shares of NASDAQ:GOOGL opened at $200.21 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29. The business has a fifty day simple moving average of $186.46 and a 200 day simple moving average of $173.69. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.27 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the company earned $1.55 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than Alphabet
- Why Invest in 5G? How to Invest in 5G Stocks
- MP Materials: Rare Earth Elements Powering the EV Boom
- Basic Materials Stocks Investing
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- How to Find Undervalued Stocks
- Bloom Energy: Powering the Future With Decentralized Energy
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.