Ramsay Stattman Vela & Price Inc. Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)

Ramsay Stattman Vela & Price Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,427 shares of the information services provider’s stock after selling 1,845 shares during the period. Alphabet makes up 3.4% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 4th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Alphabet were worth $16,831,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GOOG. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet in the third quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet in the fourth quarter worth $28,000. Buck Wealth Strategies LLC bought a new position in shares of Alphabet in the third quarter worth $32,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Alphabet in the third quarter worth $32,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOG. Oppenheimer raised their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna lifted their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $159.86.

Read Our Latest Stock Analysis on GOOG

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $157.95 on Tuesday. The business’s 50-day moving average price is $147.65 and its 200-day moving average price is $142.12. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.44 and a beta of 1.05. 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:GOOGGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company 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 firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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