Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Seven Post Investment Office LP

Seven Post Investment Office LP reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,080 shares of the information services provider’s stock after selling 200 shares during the quarter. Alphabet makes up about 0.3% of Seven Post Investment Office LP’s holdings, making the stock its 28th largest holding. Seven Post Investment Office LP’s holdings in Alphabet were worth $1,280,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Balboa Wealth Partners grew its stake in shares of Alphabet by 1.1% during the 3rd quarter. Balboa Wealth Partners now owns 50,268 shares of the information services provider’s stock worth $6,628,000 after purchasing an additional 552 shares during the period. Vicus Capital grew its stake in Alphabet by 10.3% in the 3rd quarter. Vicus Capital now owns 10,133 shares of the information services provider’s stock valued at $1,336,000 after acquiring an additional 946 shares during the last quarter. Satovsky Asset Management LLC grew its stake in Alphabet by 4.5% in the 3rd quarter. Satovsky Asset Management LLC now owns 12,115 shares of the information services provider’s stock valued at $1,597,000 after acquiring an additional 520 shares during the last quarter. Aua Capital Management LLC grew its stake in Alphabet by 7.0% in the 3rd quarter. Aua Capital Management LLC now owns 15,856 shares of the information services provider’s stock valued at $2,091,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Litman Gregory Wealth Management LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $9,175,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ GOOG traded up $0.53 on Friday, reaching $168.99. The company’s stock had a trading volume of 22,767,056 shares, compared to its average volume of 22,353,938. Alphabet Inc. has a twelve month low of $104.70 and a twelve month high of $176.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The firm’s 50 day moving average is $151.46 and its two-hundred day moving average is $143.69. The stock has a market cap of $2.10 trillion, a PE ratio of 25.92, a PEG ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,129 shares of company stock valued at $40,382,765. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOG has been the topic of a number of research reports. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer raised their target price 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 lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $165.67.

Alphabet 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.