Twin Capital Management Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,701 shares of the information services provider’s stock after selling 4,555 shares during the quarter. Alphabet makes up approximately 2.3% of Twin Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Twin Capital Management Inc.’s holdings in Alphabet were worth $18,061,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Spreng Capital Management Inc. lifted its holdings in Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares during the period. West Family Investments Inc. lifted its holdings in Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. lifted its holdings in Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 6 shares during the period. Private Advisory Group LLC lifted its holdings in Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 7 shares during the period. Finally, Weik Capital Management lifted its holdings in Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Insider Transactions at Alphabet
In other news, insider John Kent Walker sold 11,313 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 340 shares of Alphabet stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,095,196. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,192 shares of company stock valued at $11,373,417. Insiders own 11.44% of the company’s stock.
Alphabet Stock Up 0.1 %
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to analyst estimates of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same quarter in the prior year, the business earned $1.53 earnings per share. Research analysts anticipate that Alphabet Inc. will post 5.11 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on GOOGL shares. Loop Capital raised their price objective on Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. KeyCorp dropped their target price on Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, January 30th. New Street Research began coverage on Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 price target for the company. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Finally, Credit Suisse Group cut their price objective on Alphabet from $145.00 to $136.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.30.
Alphabet Company Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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