Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 54,574 shares of the information services provider’s stock after selling 1,670 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Alphabet were worth $10,393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Foundations Investment Advisors LLC lifted its holdings in Alphabet by 17.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 22,010 shares of the information services provider’s stock worth $4,192,000 after purchasing an additional 3,216 shares during the period. tru Independence LLC raised its position in shares of Alphabet by 5.4% during the 4th quarter. tru Independence LLC now owns 2,735 shares of the information services provider’s stock worth $521,000 after buying an additional 141 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Alphabet by 61.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 85,497 shares of the information services provider’s stock worth $16,282,000 after acquiring an additional 32,488 shares during the period. James Hambro & Partners LLP boosted its holdings in shares of Alphabet by 1.5% in the fourth quarter. James Hambro & Partners LLP now owns 878,197 shares of the information services provider’s stock valued at $167,266,000 after acquiring an additional 13,274 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Alphabet by 1.5% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 74,535 shares of the information services provider’s stock valued at $14,194,000 after acquiring an additional 1,071 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,630 shares of company stock valued at $22,258,133 in the last three months. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Citigroup increased their price target on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Jefferies Financial Group upped their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Finally, Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.69.

Alphabet Stock Performance

Shares of GOOG opened at $202.63 on Friday. The company has a market capitalization of $2.48 trillion, a PE ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company’s 50 day moving average price is $189.03 and its 200 day moving average price is $175.35. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 earnings per share. Research analysts expect that Alphabet Inc. will post 8.02 EPS 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.