Bridge Creek Capital Management LLC Decreases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Bridge Creek Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,839 shares of the information services provider’s stock after selling 465 shares during the quarter. Alphabet makes up about 2.6% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Bridge Creek Capital Management LLC’s holdings in Alphabet were worth $7,588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. DC Investments Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet during the first quarter valued at approximately $184,000. Turim 21 Investimentos Ltda. increased its stake in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares in the last quarter. qPULA Trading Management LP acquired a new stake in Alphabet in the first quarter worth $279,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Alphabet by 29.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after purchasing an additional 26 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now directly owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the sale, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at approximately $341,163,148.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the sale, the director now directly owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 228,239 shares of company stock valued at $32,432,382. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 0.4 %

Shares of NASDAQ:GOOG opened at $155.87 on Wednesday. The company’s 50-day moving average price is $145.15 and its two-hundred day moving average price is $139.74. 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 one year low of $102.38 and a one year high of $157.00. The stock has a market capitalization of $1.94 trillion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research analyst reports. Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $146.33.

View Our Latest Report on Alphabet

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

See Also

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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