Hanson & Doremus Investment Management lowered its position in Alphabet Inc (NASDAQ:GOOG) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,649 shares of the information services provider’s stock after selling 20 shares during the period. Hanson & Doremus Investment Management’s holdings in Alphabet were worth $2,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of Alphabet by 6,515.2% during the second quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock worth $3,285,612,000 after acquiring an additional 2,993,722 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Alphabet by 6.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock worth $12,409,352,000 after purchasing an additional 674,924 shares in the last quarter. BlackRock Inc. grew its stake in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after purchasing an additional 612,804 shares in the last quarter. Generation Investment Management LLP grew its stake in Alphabet by 24.5% in the third quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock worth $1,393,237,000 after purchasing an additional 224,907 shares in the last quarter. Finally, Johanson Financial Advisors Inc. bought a new position in Alphabet in the fourth quarter worth approximately $105,000. 33.79% of the stock is currently owned by institutional investors and hedge funds.

In other Alphabet news, SVP David C. Drummond sold 28,430 shares of Alphabet stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,266.89, for a total transaction of $36,017,682.70. Following the sale, the senior vice president now owns 45,806 shares of the company’s stock, valued at approximately $58,031,163.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction on Monday, November 4th. The stock was sold at an average price of $1,276.45, for a total transaction of $68,928.30. Following the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $495,262.60. The disclosure for this sale can be found here. Insiders sold 3,344,673 shares of company stock worth $316,380,721 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

GOOG traded up $6.80 on Thursday, reaching $1,446.00. The stock had a trading volume of 504,976 shares, compared to its average volume of 1,264,972. Alphabet Inc has a 12-month low of $1,025.00 and a 12-month high of $1,441.80. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $1,356.40 and its two-hundred day moving average price is $1,247.89. The company has a market cap of $986.86 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). The firm had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $13.06 EPS. As a group, analysts predict that Alphabet Inc will post 49.03 earnings per share for the current year.

Several brokerages recently issued reports on GOOG. Guggenheim increased their price objective on Alphabet from $1,425.00 to $1,525.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer increased their price objective on Alphabet from $1,370.00 to $1,530.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. ValuEngine cut Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein initiated coverage on Alphabet in a research report on Thursday, January 9th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-three have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,486.44.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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