Sands Capital Management LLC Has $102 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Sands Capital Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 723,757 shares of the information services provider’s stock after selling 36,436 shares during the period. Sands Capital Management LLC’s holdings in Alphabet were worth $101,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet in the 4th quarter valued at $28,000. Barometer Capital Management Inc. acquired a new position in shares of Alphabet during the 3rd quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $32,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 205,153 shares of company stock valued at $31,072,079 in the last three months. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GOOG shares. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $165.67.

Read Our Latest Research Report on GOOG

Alphabet Trading Down 0.5 %

Shares of NASDAQ:GOOG traded down $0.91 during midday trading on Monday, hitting $173.05. 8,304,079 shares of the stock were exchanged, compared to its average volume of 21,689,477. The business’s 50-day moving average price is $164.93 and its 200 day moving average price is $149.78. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $179.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.29 and a beta of 1.01.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same period last year, the company earned $1.17 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th.

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.

Featured Articles

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

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.