Timber Creek Capital Management LLC Has $14.08 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Timber Creek Capital Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 99,921 shares of the information services provider’s stock after selling 1,049 shares during the quarter. Alphabet makes up approximately 4.8% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its biggest position. Timber Creek Capital Management LLC’s holdings in Alphabet were worth $14,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Totem Point Management LLC grew its position in Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the last quarter. Somerville Kurt F boosted its holdings in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. purchased a new stake in shares of Alphabet during the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in shares of Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. boosted its holdings in shares of Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the last quarter. 27.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the transaction, the insider now directly owns 12,725 shares of the company’s stock, valued at $1,809,495. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,350 shares of company stock valued at $29,602,709. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

GOOG traded down $2.67 during trading on Wednesday, reaching $137.43. 30,590,986 shares of the company traded hands, compared to its average volume of 21,709,988. 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 12-month low of $89.77 and a 12-month high of $155.20. The firm has a fifty day simple moving average of $144.37 and a 200 day simple moving average of $138.03. The company has a market cap of $1.72 trillion, a P/E ratio of 24.00, a PEG ratio of 1.28 and a beta of 1.06.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same period last year, the firm posted $1.05 earnings per share. Alphabet’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOG shares. Susquehanna raised their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James increased their price objective 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. Five analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus target price of $146.33.

View Our Latest Stock Report on Alphabet

Alphabet Company 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, devices, 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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