Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,991 shares of the information services provider’s stock after selling 286 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Alphabet were worth $1,549,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Graypoint LLC grew its position in shares of Alphabet by 4.6% during the fourth quarter. Graypoint LLC now owns 50,158 shares of the information services provider’s stock worth $7,069,000 after buying an additional 2,212 shares in the last quarter. Saxony Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $390,000. Baystate Wealth Management LLC grew its position in shares of Alphabet by 33.0% during the fourth quarter. Baystate Wealth Management LLC now owns 14,162 shares of the information services provider’s stock worth $1,996,000 after buying an additional 3,517 shares in the last quarter. ORG Partners LLC grew its position in shares of Alphabet by 52.7% during the fourth quarter. ORG Partners LLC now owns 35,224 shares of the information services provider’s stock worth $4,964,000 after buying an additional 12,155 shares in the last quarter. Finally, Seascape Capital Management grew its position in shares of Alphabet by 33.3% during the fourth quarter. Seascape Capital Management now owns 3,605 shares of the information services provider’s stock worth $508,000 after buying an additional 901 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Raymond James upped their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Finally, Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $157.50.

Alphabet Price Performance

GOOG stock opened at $156.33 on Tuesday. The company has a market capitalization of $1.94 trillion, a P/E ratio of 26.95, a PEG ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a twelve month low of $103.27 and a twelve month high of $161.70. The business has a 50 day simple moving average of $146.73 and a 200-day simple moving average of $141.34. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock valued at $36,033,907 over the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet Company 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.