Kidder Stephen W Has $531,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Kidder Stephen W reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,400 shares of the information services provider’s stock after selling 208 shares during the period. Kidder Stephen W’s holdings in Alphabet were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in Alphabet by 10.8% in the 1st quarter. Venturi Wealth Management LLC now owns 21,947 shares of the information services provider’s stock valued at $3,429,000 after buying an additional 2,139 shares during the last quarter. Gratus Wealth Advisors LLC increased its holdings in Alphabet by 0.9% during the 1st quarter. Gratus Wealth Advisors LLC now owns 32,033 shares of the information services provider’s stock worth $5,005,000 after purchasing an additional 294 shares in the last quarter. Accredited Investors Inc. increased its holdings in Alphabet by 2.3% during the 1st quarter. Accredited Investors Inc. now owns 31,698 shares of the information services provider’s stock worth $4,952,000 after purchasing an additional 701 shares in the last quarter. Somerville Kurt F increased its holdings in Alphabet by 205.3% during the 1st quarter. Somerville Kurt F now owns 4,417 shares of the information services provider’s stock worth $690,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC increased its holdings in Alphabet by 2.1% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 49,750 shares of the information services provider’s stock worth $7,772,000 after purchasing an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $192.11 on Wednesday. The firm has a market capitalization of $2.33 trillion, a P/E ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $174.02 and its two-hundred day simple moving average is $174.50. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the business earned $1.89 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the sale, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,409 shares of company stock valued at $43,523,710 over the last quarter. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. UBS Group lifted their target price on shares of Alphabet from $186.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Westpark Capital reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.44.

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.