Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 54,574 shares of the information services provider’s stock after selling 1,670 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Alphabet were worth $10,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Foundations Investment Advisors LLC boosted its holdings in shares of Alphabet by 17.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 22,010 shares of the information services provider’s stock valued at $4,192,000 after acquiring an additional 3,216 shares in the last quarter. tru Independence LLC boosted its holdings in Alphabet by 5.4% in the 4th quarter. tru Independence LLC now owns 2,735 shares of the information services provider’s stock valued at $521,000 after purchasing an additional 141 shares in the last quarter. Parsons Capital Management Inc. RI increased its position in Alphabet by 61.3% during the 4th quarter. Parsons Capital Management Inc. RI now owns 85,497 shares of the information services provider’s stock worth $16,282,000 after purchasing an additional 32,488 shares during the period. James Hambro & Partners LLP raised its stake in shares of Alphabet by 1.5% during the 4th quarter. James Hambro & Partners LLP now owns 878,197 shares of the information services provider’s stock worth $167,266,000 after buying an additional 13,274 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 74,535 shares of the information services provider’s stock valued at $14,194,000 after buying an additional 1,071 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,630 shares of company stock valued at $22,258,133 over the last quarter. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOG. Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Citigroup lifted their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.69.

Alphabet Stock Performance

Alphabet stock opened at $202.63 on Friday. The stock has a fifty day moving average price of $189.03 and a 200 day moving average price of $175.35. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the firm posted $1.55 EPS. The company’s revenue was up 15.1% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

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