Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,880 shares of the information services provider’s stock after selling 1,142 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $2,822,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GOOG. Global Assets Advisory LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $237,000. X Square Capital LLC increased its stake in shares of Alphabet by 3.0% during the third quarter. X Square Capital LLC now owns 11,465 shares of the information services provider’s stock worth $1,917,000 after buying an additional 331 shares during the period. JCIC Asset Management Inc. raised its holdings in Alphabet by 1.2% in the third quarter. JCIC Asset Management Inc. now owns 107,082 shares of the information services provider’s stock valued at $17,903,000 after acquiring an additional 1,310 shares in the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in Alphabet by 0.7% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 14,742 shares of the information services provider’s stock worth $2,465,000 after acquiring an additional 107 shares during the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in Alphabet by 25.3% during the 3rd quarter. Great Lakes Retirement Inc. now owns 1,772 shares of the information services provider’s stock worth $296,000 after acquiring an additional 358 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG opened at $164.53 on Friday. The company’s 50 day simple moving average is $163.28 and its 200-day simple moving average is $169.92. Alphabet Inc. has a 12-month low of $121.46 and a 12-month high of $193.31. The firm has a market cap of $2.03 trillion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted 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. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same period in the previous year, the business posted $1.44 earnings per share. Alphabet’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 7.64 EPS for the current year.

Insider Buying and Selling

In related 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 value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last quarter. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GOOG shares. TD Cowen raised their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Oppenheimer dropped their price objective on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. Pivotal Research started coverage on Alphabet in a research note on Tuesday, October 1st. They set a “buy” rating and a $215.00 target price for the company. Finally, DA Davidson upgraded shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Four equities 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.90.

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.