Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Chesley Taft & Associates LLC

Posted by Defense World Staff on Jun 23rd, 2023

Chesley Taft & Associates LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,396 shares of the information services provider’s stock after selling 12,309 shares during the quarter. Alphabet comprises approximately 3.2% of Chesley Taft & Associates LLC’s portfolio, making the stock its 3rd biggest holding. Chesley Taft & Associates LLC’s holdings in Alphabet were worth $49,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in GOOG. DC Investments Management LLC purchased a new stake in Alphabet in the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. purchased a new stake in Alphabet in the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. grew its stake in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. qPULA Trading Management LP purchased a new stake in Alphabet in the 1st quarter worth approximately $279,000. Finally, Wayfinding Financial LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $294,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Oppenheimer decreased their price target on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Robert W. Baird lifted their price target on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. UBS Group lifted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Finally, Raymond James lifted their price target on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.80.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The disclosure for this sale can be found here. Insiders have sold 877,364 shares of company stock worth $30,371,135 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $123.87 on Friday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $129.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The firm has a market capitalization of $1.57 trillion, a P/E ratio of 27.59, a P/E/G ratio of 1.58 and a beta of 1.09. The company’s fifty day moving average price is $117.06 and its two-hundred day moving average price is $103.54.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Alphabet Profile

(Get Rating)

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.

Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Chesley Taft & Associates LLC

Analysts Set New Price Targets

Insiders Place Their Bets

Alphabet Stock Performance

Alphabet Profile

See Also

You might be interested in: