Iron Financial LLC cut its position in shares of Alphabet Inc (NASDAQ:GOOG) by 46.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 243 shares of the information services provider’s stock after selling 215 shares during the quarter. Iron Financial LLC’s holdings in Alphabet were worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of GOOG. First PREMIER Bank boosted its stake in shares of Alphabet by 80.0% during the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after acquiring an additional 16 shares in the last quarter. CX Institutional boosted its stake in shares of Alphabet by 471.4% during the 4th quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after acquiring an additional 33 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Alphabet by 440.0% during the 4th quarter. Bogart Wealth LLC now owns 54 shares of the information services provider’s stock worth $55,000 after acquiring an additional 44 shares in the last quarter. Ironwood Financial llc boosted its stake in shares of Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock worth $113,000 after acquiring an additional 50 shares in the last quarter. Finally, Patton Albertson Miller Group LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $116,000. Institutional investors own 34.07% of the company’s stock.

Several research firms have recently weighed in on GOOG. Nomura reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, December 4th. BidaskClub lowered Alphabet from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, January 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $1,380.00 target price (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,327.66.

In related news, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $1,023.13, for a total transaction of $10,231,300.00. Following the completion of the sale, the chief executive officer now owns 816 shares of the company’s stock, valued at $834,874.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 375 shares of Alphabet stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total value of $450,000.00. Following the sale, the director now directly owns 80 shares of the company’s stock, valued at approximately $96,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,437 shares of company stock valued at $38,346,021. Insiders own 13.11% of the company’s stock.

GOOG opened at $1,184.46 on Friday. The firm has a market cap of $823.42 billion, a P/E ratio of 24.93, a PEG ratio of 1.44 and a beta of 1.04. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.86 by $1.91. The firm had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $9.70 earnings per share. As a group, analysts predict that Alphabet Inc will post 47.38 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Alphabet Inc (GOOG) Shares Sold by Iron Financial LLC” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/alphabet-inc-goog-shares-sold-by-iron-financial-llc/2896932.html.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Read More: How Do Tariffs Affect Trade Balances?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.