Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Next Level Private LLC

Next Level Private LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,141 shares of the information services provider’s stock after selling 248 shares during the period. Next Level Private LLC’s holdings in Alphabet were worth $1,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. First National Corp MA ADV boosted its position in Alphabet by 1.1% during the 4th quarter. First National Corp MA ADV now owns 10,210 shares of the information services provider’s stock worth $1,439,000 after purchasing an additional 114 shares during the period. Planned Solutions Inc. purchased a new stake in Alphabet during the 4th quarter worth $602,000. First Pacific Financial boosted its position in Alphabet by 8.6% during the 4th quarter. First Pacific Financial now owns 8,301 shares of the information services provider’s stock worth $1,170,000 after purchasing an additional 659 shares during the period. Sterling Investment Management LLC boosted its position in Alphabet by 0.9% during the 4th quarter. Sterling Investment Management LLC now owns 14,006 shares of the information services provider’s stock worth $1,974,000 after purchasing an additional 131 shares during the period. Finally, Courier Capital LLC boosted its position in Alphabet by 0.4% during the 4th quarter. Courier Capital LLC now owns 91,866 shares of the information services provider’s stock worth $12,947,000 after purchasing an additional 340 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the sale, the director now owns 14,815 shares in the company, valued at approximately $2,081,655.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the sale, the director now owns 14,815 shares in the company, valued at approximately $2,081,655.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were 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 owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,378 shares of company stock worth $35,461,377. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $152.16 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a 50-day moving average of $144.57 and a two-hundred day moving average of $139.30. The stock has a market cap of $1.89 trillion, a P/E ratio of 26.20, a PEG ratio of 1.40 and a beta of 1.05. Alphabet Inc. has a 1-year low of $100.29 and a 1-year high of $155.20.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during 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 firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. On average, research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

About Alphabet

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.