Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,500 shares of the information services provider’s stock after selling 2,200 shares during the period. Alphabet accounts for about 4.0% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 5th largest position. Alan B Lancz & Associates Inc.’s holdings in Alphabet were worth $3,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Magnolia Capital Advisors LLC raised its position in shares of Alphabet by 8.6% during the second quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock worth $2,053,000 after purchasing an additional 884 shares during the period. Wallace Advisory Group LLC raised its holdings in Alphabet by 1.3% during the second quarter. Wallace Advisory Group LLC now owns 10,314 shares of the information services provider’s stock worth $1,892,000 after buying an additional 134 shares during the last quarter. High Falls Advisors Inc bought a new position in shares of Alphabet in the second quarter valued at $240,000. Wallace Capital Management Inc. grew its holdings in shares of Alphabet by 6.3% during the second quarter. Wallace Capital Management Inc. now owns 8,420 shares of the information services provider’s stock valued at $1,544,000 after buying an additional 500 shares during the last quarter. Finally, Newport Capital Group LLC bought a new stake in shares of Alphabet during the second quarter worth about $410,000. 27.26% of the stock is owned by institutional investors.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

GOOG opened at $193.64 on Tuesday. The firm has a 50-day moving average price of $187.95 and a 200-day moving average price of $175.08. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GOOG shares. UBS Group raised their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays increased their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $205.13.

About Alphabet

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.