Alphabet Inc. (NASDAQ:GOOG) is Tocqueville Asset Management L.P.’s 7th Largest Position

Tocqueville Asset Management L.P. trimmed its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 767,316 shares of the information services provider’s stock after selling 10,131 shares during the period. Alphabet accounts for 1.9% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 7th biggest position. Tocqueville Asset Management L.P.’s holdings in Alphabet were worth $101,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet in the third quarter worth $25,000. HWG Holdings LP purchased a new stake in shares of Alphabet during the second quarter valued at $26,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Alphabet during the second quarter valued at $31,000. Intrepid Capital Management Inc. purchased a new stake in shares of Alphabet during the second quarter valued at $31,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet during the third quarter valued at $32,000. 27.13% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOG traded down $0.10 on Monday, hitting $150.12. 6,184,263 shares of the company’s stock traded hands, compared to its average volume of 21,178,172. The company’s 50 day simple moving average is $142.15 and its 200-day simple moving average is $136.93. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 1.39 and a beta of 1.06. Alphabet Inc. has a one year low of $88.86 and a one year high of $155.20. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 6.76 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Oppenheimer reissued an “outperform” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, October 25th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $146.33.

Read Our Latest Report on Alphabet

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 420 shares of Alphabet stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the transaction, the chief accounting officer now owns 26,833 shares in the company, valued at approximately $3,577,375.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 420 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the completion of the transaction, the chief accounting officer now owns 26,833 shares in the company, valued at approximately $3,577,375.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,974 shares of company stock worth $19,427,217. 12.99% of the stock is currently owned by company insiders.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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