Donaldson Capital Management LLC lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 644 shares of the information services provider’s stock after selling 93 shares during the period. Donaldson Capital Management LLC’s holdings in Alphabet were worth $861,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atlas Brown Inc. boosted its position in Alphabet by 25.9% in the 4th quarter. Atlas Brown Inc. now owns 696 shares of the information services provider’s stock valued at $931,000 after buying an additional 143 shares during the period. Webster Bank N. A. boosted its position in Alphabet by 2.7% in the 4th quarter. Webster Bank N. A. now owns 1,780 shares of the information services provider’s stock valued at $2,380,000 after buying an additional 46 shares during the period. Johanson Financial Advisors Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $105,000. Sky Investment Group LLC boosted its position in Alphabet by 0.7% in the 4th quarter. Sky Investment Group LLC now owns 1,312 shares of the information services provider’s stock valued at $1,754,000 after buying an additional 9 shares during the period. Finally, Appleton Partners Inc. MA boosted its position in Alphabet by 19.4% in the 4th quarter. Appleton Partners Inc. MA now owns 7,851 shares of the information services provider’s stock valued at $10,497,000 after buying an additional 1,278 shares during the period. Hedge funds and other institutional investors own 33.79% of the company’s stock.

In related news, CAO Amie Thuener O’toole sold 54 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total value of $68,928.30. Following the completion of the sale, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $495,262.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Capitalg Lp sold 2,085,172 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $52.59, for a total transaction of $109,659,195.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,344,673 shares of company stock valued at $316,380,721. Corporate insiders own 12.99% of the company’s stock.

GOOG has been the subject of several recent research reports. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 28th. Raymond James raised their price target on shares of Alphabet from $1,360.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Oppenheimer raised their price target on shares of Alphabet from $1,370.00 to $1,530.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Monday, November 4th. Finally, BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,486.44.

Alphabet stock opened at $1,430.88 on Wednesday. The stock has a market cap of $986.06 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The company has a fifty day simple moving average of $1,353.81 and a 200-day simple moving average of $1,246.11. Alphabet Inc has a 12-month low of $1,025.00 and a 12-month high of $1,441.80. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). The firm had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. Alphabet’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the firm posted $13.06 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.

Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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