Trillium Asset Management LLC Sells 596 Shares of Alphabet Inc. (NASDAQ:GOOG)

Trillium Asset Management LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,399 shares of the information services provider’s stock after selling 596 shares during the quarter. Trillium Asset Management LLC’s holdings in Alphabet were worth $2,105,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GOOG. Financial Advisors Network Inc. increased its position in Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after buying an additional 7 shares during the last quarter. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. West Michigan Advisors LLC increased its holdings in Alphabet by 3.7% in the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after acquiring an additional 9 shares during the last quarter. Somerville Kurt F raised its stake in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its holdings in Alphabet by 1.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Alphabet Price Performance

Shares of GOOG traded up $1.90 during trading hours on Thursday, reaching $138.28. 3,609,010 shares of the company’s stock traded hands, compared to its average volume of 25,875,137. Alphabet Inc. has a 12 month low of $85.57 and a 12 month high of $142.38. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.73 trillion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The firm’s 50 day simple moving average is $134.55 and its 200-day simple moving average is $127.88.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. Equities analysts expect that Alphabet Inc. will post 5.74 EPS for the current year.

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Susquehanna lifted their target price on shares of Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Robert W. Baird boosted their target price on shares of Alphabet from $123.00 to $140.00 in a report on Wednesday, July 26th. Wedbush began coverage on Alphabet in a report on Monday, August 21st. They issued an “outperform” rating for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $130.69.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 75,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the transaction, the director now directly owns 104,364 shares in the company, valued at approximately $13,681,076.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kavitark Ram Shriram sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total value of $9,831,750.00. Following the completion of the sale, the director now directly owns 104,364 shares in the company, valued at approximately $13,681,076.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the transaction, the senior vice president now directly owns 75,621 shares in the company, valued at approximately $10,119,602.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,576 shares of company stock valued at $23,425,367. Insiders own 12.99% of the company’s stock.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.