Triglav Investments D.O.O. Sells 200 Shares of Alphabet Inc. $GOOG

Triglav Investments D.O.O. lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,640 shares of the information services provider’s stock after selling 200 shares during the quarter. Alphabet comprises about 1.0% of Triglav Investments D.O.O.’s investment portfolio, making the stock its 20th biggest position. Triglav Investments D.O.O.’s holdings in Alphabet were worth $14,482,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GOOG. Brighton Jones LLC raised its holdings in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Smart Money Group LLC grew its position in Alphabet by 24.6% in the 1st quarter. Smart Money Group LLC now owns 2,186 shares of the information services provider’s stock worth $342,000 after purchasing an additional 432 shares during the last quarter. Forte Asset Management LLC acquired a new stake in Alphabet in the 1st quarter worth $645,000. Cloud Capital Management LLC acquired a new stake in Alphabet in the 1st quarter worth $3,430,000. Finally, Tradewinds LLC. grew its position in Alphabet by 1.9% in the 1st quarter. Tradewinds LLC. now owns 44,838 shares of the information services provider’s stock worth $7,005,000 after purchasing an additional 825 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price target on shares of Alphabet in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $340.00 price target on shares of Alphabet in a research report on Thursday. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Jefferies Financial Group raised their price target on shares of Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, DA Davidson set a $825.00 price target on shares of Alphabet in a research report on Monday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $324.81.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the transaction, the chief accounting officer owned 14,516 shares in the company, valued at approximately $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 222,442 shares of company stock worth $51,200,307 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $284.12 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm’s 50-day simple moving average is $246.09 and its 200-day simple moving average is $202.22. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93. The firm has a market cap of $3.44 trillion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. During the same period in the previous year, the business earned $2.12 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

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.