Alphabet Inc. (NASDAQ:GOOG) Shares Sold by JB Capital LLC

JB Capital LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the information services provider’s stock after selling 270 shares during the period. JB Capital LLC’s holdings in Alphabet were worth $561,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. DC Investments Management LLC acquired a new stake in Alphabet in the 1st quarter valued at about $115,000. Guardian Wealth Management Inc. purchased a new stake in shares of Alphabet in the 1st quarter valued at approximately $184,000. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares during the period. qPULA Trading Management LP purchased a new stake in shares of Alphabet in the 1st quarter valued at approximately $279,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 228,239 shares of company stock worth $32,432,382 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $155.87 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 26.87, a PEG ratio of 1.41 and a beta of 1.05. The company has a 50 day moving average price of $145.15 and a 200 day moving average price of $139.74. Alphabet Inc. has a fifty-two week low of $102.38 and a fifty-two week high of $157.00.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. Equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. Raymond James increased their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna increased their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $146.33.

Check Out Our Latest Stock Analysis on GOOG

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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