Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,446 shares of the information services provider’s stock after selling 2,305 shares during the period. Krilogy Financial LLC’s holdings in Alphabet were worth $6,968,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet in the third quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in shares of Alphabet in the second quarter worth approximately $26,000. Intrepid Capital Management Inc. acquired a new stake in shares of Alphabet in the second quarter worth approximately $31,000. Finally, Buck Wealth Strategies LLC acquired a new stake in shares of Alphabet in the third quarter worth approximately $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 1.0 %

NASDAQ GOOG opened at $159.19 on Friday. The company’s fifty day simple moving average is $146.51 and its 200-day simple moving average is $141.02. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.98 trillion, a P/E ratio of 27.45, a PEG ratio of 1.48 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly 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 analysts’ expectations 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 company posted $1.05 earnings per share. Equities research analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now directly owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now directly owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold 250,539 shares of company stock valued at $35,906,259 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOG. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $157.50.

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.