Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 0.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,655 shares of the information services provider’s stock after selling 10 shares during the quarter. Alphabet makes up about 2.3% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 5th largest holding. Beese Fulmer Investment Management Inc.’s holdings in Alphabet were worth $21,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Alphabet by 1.1% in the 4th quarter. BlackRock Inc. now owns 19,196,177 shares of the information services provider’s stock valued at $55,545,866,000 after purchasing an additional 205,225 shares during the last quarter. State Street Corp boosted its stake in shares of Alphabet by 0.6% in the 4th quarter. State Street Corp now owns 10,608,366 shares of the information services provider’s stock valued at $30,696,262,000 after purchasing an additional 58,955 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,669,682 shares of the information services provider’s stock valued at $13,474,847,000 after purchasing an additional 97,666 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,752,343 shares of the information services provider’s stock valued at $10,857,740,000 after purchasing an additional 87,144 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Alphabet by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 3,082,944 shares of the information services provider’s stock valued at $8,920,776,000 after purchasing an additional 48,928 shares during the last quarter. Hedge funds and other institutional investors own 31.20% of the company’s stock.

NASDAQ GOOG opened at $2,240.68 on Thursday. Alphabet Inc. has a 52-week low of $2,044.16 and a 52-week high of $3,042.00. The company has a 50-day simple moving average of $2,308.00 and a 200 day simple moving average of $2,604.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. The company has a market capitalization of $1.48 trillion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13.

Alphabet’s stock is going to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be payable to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.70 by ($1.08). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The company had revenue of $56.02 billion for the quarter, compared to analysts’ expectations of $56.17 billion. During the same quarter last year, the business posted $26.29 EPS. As a group, analysts forecast that Alphabet Inc. will post 110.83 EPS for the current fiscal year.

In other Alphabet news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $11.16, for a total transaction of $6,073,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 1,276 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $2,816.49, for a total transaction of $3,593,841.24. Following the transaction, the senior vice president now owns 14,034 shares of the company’s stock, valued at approximately $39,526,620.66. The disclosure for this sale can be found here. Insiders have sold 551,675 shares of company stock valued at $25,567,428 in the last quarter. Company insiders own 12.99% of the company’s stock.

GOOG has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price objective on shares of Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Wedbush reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, April 20th. Oppenheimer reissued an “outperform” rating and set a $3,290.00 target price on shares of Alphabet in a research note on Thursday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Alphabet from $3,450.00 to $3,200.00 in a research note on Wednesday, April 27th. Finally, Raymond James cut their target price on shares of Alphabet from $3,630.00 to $3,180.00 in a research note on Wednesday, April 27th. Twenty-nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $3,315.38.

Alphabet Company Profile (Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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