Houlihan Financial Resource Group Ltd. Sells 58,011 Shares of Alphabet Inc. (NASDAQ:GOOG)

Houlihan Financial Resource Group Ltd. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 96.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,891 shares of the information services provider’s stock after selling 58,011 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in Alphabet were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Advisors Network Inc. boosted its holdings in shares of Alphabet by 4.5% in the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock valued at $450,000 after buying an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. boosted its holdings in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares in the last quarter. West Michigan Advisors LLC boosted its holdings in shares of Alphabet by 3.7% in the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after buying an additional 9 shares in the last quarter. Somerville Kurt F boosted its holdings in shares of Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its holdings in shares of Alphabet by 1.4% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOG. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a research report on Wednesday, October 25th. Finally, Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $146.33.

Check Out Our Latest Analysis on Alphabet

Insider Activity

In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $136.40, for a total value of $31,372.00. Following the completion of the transaction, the director now owns 14,515 shares in the company, valued at approximately $1,979,846. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the sale, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at approximately $340,519,313.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $136.40, for a total transaction of $31,372.00. Following the completion of the sale, the director now directly owns 14,515 shares in the company, valued at $1,979,846. The disclosure for this sale can be found here. Insiders sold 136,974 shares of company stock worth $19,427,217 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Alphabet stock traded down $0.52 during trading hours on Monday, reaching $149.70. 4,918,707 shares of the stock were exchanged, compared to its average volume of 21,140,277. The stock has a market cap of $1.87 trillion, a P/E ratio of 25.90, a P/E/G ratio of 1.39 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52-week low of $88.86 and a 52-week high of $155.20. The firm’s 50 day moving average is $142.15 and its 200 day moving average is $136.93.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company 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%. Alphabet’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Analysts predict that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

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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