Alphabet Inc. (NASDAQ:GOOG) Position Trimmed by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,815 shares of the information services provider’s stock after selling 100 shares during the period. Alphabet comprises approximately 2.2% of White Knight Strategic Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. White Knight Strategic Wealth Advisors LLC’s holdings in Alphabet were worth $1,947,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOOG. Bruce G. Allen Investments LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $26,000. Partnership Wealth Management LLC bought a new position in shares of Alphabet during the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $34,000. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the transaction, the director now directly owns 8,791 shares of the company’s stock, valued at $1,314,254.50. The disclosure for this sale can be found here. Insiders sold 157,758 shares of company stock valued at $25,580,826 in the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded down $2.40 during midday trading on Friday, reaching $175.95. 14,716,270 shares of the company’s stock were exchanged, compared to its average volume of 16,425,018. The company’s 50 day simple moving average is $167.36 and its two-hundred day simple moving average is $150.95. The firm has a market capitalization of $2.17 trillion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $179.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period last year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post 7.69 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOOG. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $165.67.

Check Out Our Latest Research Report on GOOG

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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