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

Silverlake Wealth Management LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,830 shares of the information services provider’s stock after selling 343 shares during the period. Silverlake Wealth Management LLC’s holdings in Alphabet were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. Tandem Wealth Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in Alphabet in the 4th quarter valued at about $26,000. HWG Holdings LP acquired a new position in Alphabet during the 2nd quarter worth approximately $26,000. Intrepid Capital Management Inc. acquired a new position in Alphabet during the 2nd quarter worth approximately $31,000. Finally, Buck Wealth Strategies LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares in the company, valued at approximately $973,436.16. The disclosure for this sale can be found here. Insiders have sold 228,239 shares of company stock valued at $32,432,382 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $155.87 on Wednesday. The business’s 50 day simple moving average is $145.15 and its 200-day simple moving average is $139.74. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 12 month low of $102.38 and a 12 month high of $157.00.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Raymond James boosted their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $146.33.

View Our Latest Stock Report on GOOG

Alphabet Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.