Alphabet Inc. (NASDAQ:GOOG) Holdings Reduced by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,254 shares of the information services provider’s stock after selling 483 shares during the period. Alphabet makes up approximately 1.6% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 14th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Alphabet were worth $13,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Corrado Advisors LLC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. Milestone Wealth LLC boosted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Lowe Wealth Advisors LLC boosted its holdings in Alphabet by 187.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 460 shares of the information services provider’s stock worth $41,000 after buying an additional 300 shares in the last quarter. JDM Financial Group LLC acquired a new position in Alphabet in the fourth quarter worth approximately $46,000. Finally, Bbjs Financial Advisors LLC acquired a new position in Alphabet in the fourth quarter worth approximately $48,000. Institutional investors own 27.17% of the company’s stock.

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Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Oppenheimer decreased their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. UBS Group lifted their price target 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. Raymond James lifted their price target on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.70.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of Alphabet stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the purchase, the insider now owns 2,243,665 shares in the company, valued at $63,585,466.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the completion of the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of Alphabet stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following the purchase, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 864,122 shares of company stock valued at $29,751,580. Insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.0 %

Shares of NASDAQ:GOOG opened at $122.78 on Thursday. The firm has a fifty day moving average of $122.55 and a two-hundred day moving average of $107.55. The firm has a market capitalization of $1.56 trillion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $129.55. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. On average, equities analysts expect that Alphabet Inc. will post 5.39 EPS 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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