Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,038 shares of the information services provider’s stock after selling 1,897 shares during the period. Alphabet makes up approximately 1.8% of Equitable Trust Co.’s holdings, making the stock its 11th biggest position. Equitable Trust Co.’s holdings in Alphabet were worth $23,823,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. DC Investments Management LLC purchased a new stake in Alphabet during the first quarter valued at about $115,000. Guardian Wealth Management Inc. acquired a new stake in shares of Alphabet during the first quarter valued at approximately $184,000. Turim 21 Investimentos Ltda. lifted its position 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 acquiring an additional 8 shares in the last quarter. 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 boosted its stake in Alphabet by 29.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after purchasing an additional 26 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of a number of research analyst reports. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Oppenheimer increased their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the sale, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,539 shares of company stock worth $35,906,259. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $158.14 on Wednesday. Alphabet Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $159.89. The stock’s 50-day moving average is $145.51 and its two-hundred day moving average is $140.58. 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 firm has a market cap of $1.97 trillion, a P/E ratio of 27.27, a PEG ratio of 1.42 and a beta of 1.05.

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

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.