Alphabet Inc. (NASDAQ:GOOGL) is Dillon & Associates Inc.’s 5th Largest Position

Dillon & Associates Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,892 shares of the information services provider’s stock after selling 6,025 shares during the quarter. Alphabet comprises about 4.4% of Dillon & Associates Inc.’s holdings, making the stock its 5th biggest holding. Dillon & Associates Inc.’s holdings in Alphabet were worth $23,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Spreng Capital Management Inc. raised its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. increased its stake in Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after buying an additional 6 shares in the last quarter. Maple Capital Management Inc. raised its holdings in shares of Alphabet by 2.1% during 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 last quarter. Private Advisory Group LLC lifted its position in shares of 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 in the last quarter. Finally, Weik Capital Management boosted its stake in shares of Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Alphabet Stock Down 1.2 %

Shares of NASDAQ:GOOGL opened at $135.31 on Monday. Alphabet Inc. has a fifty-two week low of $84.86 and a fifty-two week high of $141.22. The firm’s 50 day moving average price is $133.44 and its 200 day moving average price is $127.65. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, equities research analysts predict that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GOOGL shares. Morgan Stanley lowered their target price on shares of Alphabet from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Rosenblatt Securities upped their price objective on shares of Alphabet from $163.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Citigroup raised their target price on shares of Alphabet from $130.00 to $153.00 in a research note on Wednesday, July 26th. Sanford C. Bernstein upped their price target on Alphabet from $130.00 to $135.00 in a research report on Wednesday, July 26th. Finally, Jefferies Financial Group boosted their price objective on Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 3,749 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total value of $510,913.72. Following the completion of the transaction, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at $3,484,407.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the sale, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total transaction of $26,584.00. Following the completion of the transaction, the director now owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The disclosure for this sale can be found here. Insiders sold 176,576 shares of company stock valued at $23,425,367 in the last ninety days. Insiders own 0.88% of the company’s stock.

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