Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,388 shares of the information services provider’s stock after selling 559 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Alphabet were worth $1,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Alphabet by 1.4% during the first quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after acquiring an additional 331,945 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Alphabet by 1,884.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock worth $1,714,333,000 after purchasing an additional 17,019,726 shares during the period. Fiera Capital Corp lifted its stake in shares of Alphabet by 1,957.3% during the 2nd quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock worth $1,945,783,000 after purchasing an additional 16,989,271 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Alphabet by 1,830.2% during the third quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock worth $1,605,074,000 after purchasing an additional 15,633,495 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Alphabet by 1,821.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,352,658 shares of the information services provider’s stock valued at $894,580,000 after purchasing an additional 8,865,958 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $97.70 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $93.10 and its 200 day moving average price is $101.38. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The firm has a market cap of $1.26 trillion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same period last year, the company posted $1.40 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI decreased their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 21st. Citigroup lowered their target price on shares of Alphabet from $140.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group cut their price target on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. KeyCorp lowered their price objective on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, October 25th. Finally, The Goldman Sachs Group cut their target price on Alphabet to $135.00 in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Insiders Place Their Bets

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total transaction of $77,676.75. Following the sale, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. 11.44% of the stock is owned by corporate insiders.

Alphabet Company Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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