HT Partners LLC Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)

HT Partners LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,650 shares of the information services provider’s stock after selling 190 shares during the quarter. Alphabet comprises about 0.5% of HT Partners LLC’s portfolio, making the stock its 17th biggest holding. HT Partners LLC’s holdings in Alphabet were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Tandem Wealth Advisors LLC purchased a new position in Alphabet in the 3rd quarter valued at approximately $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet during the 4th quarter worth about $26,000. HWG Holdings LP acquired a new stake in Alphabet in the 2nd quarter valued at about $26,000. Intrepid Capital Management Inc. purchased a new position in shares of Alphabet in the 2nd quarter valued at about $31,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet during the third quarter worth approximately $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Alphabet Stock Performance

Shares of GOOG traded up $0.18 during mid-day trading on Thursday, reaching $152.12. 7,996,089 shares of the company’s stock were exchanged, compared to its average volume of 22,909,428. The business’s fifty day simple moving average is $144.57 and its 200-day simple moving average is $139.30. Alphabet Inc. has a 52-week low of $100.29 and a 52-week high of $155.20. The stock has a market capitalization of $1.89 trillion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. 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 (NASDAQ:GOOG) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The business 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 business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director John L. Hennessy sold 200 shares of the firm’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 value of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,378 shares of company stock worth $35,461,377. 12.99% of the stock is currently owned by insiders.

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.