Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,753 shares of the information services provider’s stock after selling 378 shares during the quarter. Bogart Wealth LLC’s holdings in Alphabet were worth $460,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC raised its holdings in Alphabet by 14.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 5,446 shares of the information services provider’s stock worth $911,000 after purchasing an additional 675 shares during the last quarter. Mason & Associates Inc raised its holdings in Alphabet by 121.2% during the third quarter. Mason & Associates Inc now owns 15,425 shares of the information services provider’s stock worth $2,579,000 after purchasing an additional 8,452 shares during the last quarter. Yoder Wealth Management Inc. raised its holdings in Alphabet by 6.2% during the third quarter. Yoder Wealth Management Inc. now owns 5,664 shares of the information services provider’s stock worth $947,000 after purchasing an additional 330 shares during the last quarter. Jackson Wealth Management LLC raised its holdings in Alphabet by 69.5% during the third quarter. Jackson Wealth Management LLC now owns 40,937 shares of the information services provider’s stock worth $6,844,000 after purchasing an additional 16,790 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Alphabet by 2.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 95,857 shares of the information services provider’s stock worth $16,026,000 after purchasing an additional 1,842 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock valued at $35,993,340 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $166.99 on Friday. The company has a market cap of $2.06 trillion, a P/E ratio of 25.61, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The business has a fifty day simple moving average of $163.31 and a 200-day simple moving average of $169.88.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GOOG shares. UBS Group reduced their price objective on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a research report on Thursday, September 5th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Pivotal Research initiated coverage on Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target for the company. Finally, Scotiabank initiated coverage on Alphabet in a research report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.90.

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.