Bellecapital International Ltd. Sells 4,731 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bellecapital International Ltd. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,805 shares of the information services provider’s stock after selling 4,731 shares during the period. Alphabet comprises approximately 1.8% of Bellecapital International Ltd.’s investment portfolio, making the stock its 19th largest holding. Bellecapital International Ltd.’s holdings in Alphabet were worth $7,724,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GOOG. Financial Advisors Network Inc. increased its stake in shares of Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. raised its holdings in Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 8 shares during the period. West Michigan Advisors LLC lifted its position in shares of Alphabet by 3.7% during the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after acquiring an additional 9 shares in the last quarter. Somerville Kurt F grew its position in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of Alphabet by 1.4% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 48,076 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the sale, the insider now owns 12,725 shares in the company, valued at approximately $1,809,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the completion of the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the transaction, the insider now directly owns 12,725 shares in the company, valued at $1,809,495. The disclosure for this sale can be found here. In the last three months, insiders sold 246,799 shares of company stock worth $34,971,139. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 2.8 %

Shares of GOOG opened at $156.50 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1-year low of $102.38 and a 1-year high of $157.00. The company has a market capitalization of $1.95 trillion, a P/E ratio of 26.98, a P/E/G ratio of 1.41 and a beta of 1.05. The firm’s 50 day simple moving average is $144.98 and its 200 day simple moving average is $139.62.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. Sell-side analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOG. Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $146.33.

View Our Latest Report on Alphabet

About Alphabet

(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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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