Donaldson Capital Management LLC Has $1.70 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Donaldson Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,080 shares of the information services provider’s stock after selling 4,679 shares during the quarter. Donaldson Capital Management LLC’s holdings in Alphabet were worth $1,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC acquired a new position in Alphabet during the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet in the fourth quarter worth approximately $26,000. HWG Holdings LP bought a new position in shares of Alphabet in the second quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $28,000. Finally, Buck Wealth Strategies LLC bought a new stake in Alphabet during the third quarter worth $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock worth $36,377,482 in the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $156.88 on Thursday. The firm has a market capitalization of $1.95 trillion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. 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 Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The business’s 50-day moving average price is $147.15 and its 200-day moving average price is $141.61.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Susquehanna increased their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer boosted their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus boosted their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $159.86.

Alphabet Company 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.