Alphabet Inc. (NASDAQ:GOOGL) Holdings Reduced by Harrington Investments INC

Harrington Investments INC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,643 shares of the information services provider’s stock after selling 595 shares during the period. Alphabet makes up about 3.2% of Harrington Investments INC’s investment portfolio, making the stock its 4th largest holding. Harrington Investments INC’s holdings in Alphabet were worth $5,119,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vision Capital Management Inc. boosted its stake in shares of Alphabet by 2.0% in the 4th quarter. Vision Capital Management Inc. now owns 129,539 shares of the information services provider’s stock worth $18,095,000 after buying an additional 2,583 shares during the last quarter. Alhambra Investment Management LLC boosted its stake in shares of Alphabet by 1.6% in the 4th quarter. Alhambra Investment Management LLC now owns 19,535 shares of the information services provider’s stock worth $2,729,000 after buying an additional 300 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Alphabet in the 4th quarter worth $1,577,000. Sterling Financial Group Inc. boosted its stake in shares of Alphabet by 14.3% in the 4th quarter. Sterling Financial Group Inc. now owns 3,770 shares of the information services provider’s stock worth $527,000 after buying an additional 472 shares during the last quarter. Finally, New Millennium Group LLC boosted its stake in shares of Alphabet by 3,012.2% in the 4th quarter. New Millennium Group LLC now owns 16,806 shares of the information services provider’s stock worth $2,348,000 after buying an additional 16,266 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the sale, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the sale, the chief accounting officer now directly owns 27,259 shares in the company, valued at approximately $3,805,628.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at $339,443,236.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,138 shares of company stock valued at $35,427,655. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $150.93 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock’s fifty day moving average price is $143.52 and its 200 day moving average price is $138.12. Alphabet Inc. has a 1 year low of $99.78 and a 1 year high of $153.78. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wolfe Research raised their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Roth Mkm decreased their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, Redburn Atlantic raised their price target on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.48.

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.