Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 1,042 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,298 shares of the information services provider’s stock after selling 1,042 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alphabet were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GOOG. OLD Second National Bank of Aurora lifted its position in shares of Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after acquiring an additional 304 shares in the last quarter. Schubert & Co lifted its position in shares of Alphabet by 1,192.9% during the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after acquiring an additional 334 shares in the last quarter. Finally, Corsicana & Co. lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock worth $38,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Alphabet Stock Up 5.7 %

Shares of NASDAQ:GOOG opened at $99.28 on Friday. The stock’s 50-day moving average price is $93.52 and its 200-day moving average price is $102.16. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. The stock has a market capitalization of $1.28 trillion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GOOG shares. Jefferies Financial Group set a $125.00 price objective on Alphabet in a research report on Monday, January 9th. Oppenheimer lowered their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Cowen lowered their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. set a $115.00 price objective on Alphabet in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Alphabet Profile

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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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