High Net Worth Advisory Group LLC Sells 300 Shares of Alphabet Inc. (NASDAQ:GOOG)

High Net Worth Advisory Group LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,610 shares of the information services provider’s stock after selling 300 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Alphabet were worth $1,103,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOG. Totem Point Management LLC grew its stake in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after purchasing an additional 571 shares during the last quarter. Somerville Kurt F boosted its position in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. bought a new stake in Alphabet during the first quarter valued at $2,564,000. Hall Capital Management Co. Inc. boosted its position in Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. boosted its position in Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. Oppenheimer cut their price objective on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. UBS Group increased their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Robert W. Baird increased their price objective on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. Finally, Raymond James increased their price objective on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $132.80.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the sale, the insider now owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the purchase, the insider now directly owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the transaction, the insider now directly owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The disclosure for this sale can be found here. Insiders sold a total of 832,682 shares of company stock worth $26,077,123 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.4 %

NASDAQ:GOOG opened at $120.93 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $129.55. The firm has a 50-day moving average price of $119.97 and a two-hundred day moving average price of $105.36.

Alphabet (NASDAQ:GOOG – Free Report) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $68.80 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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