Intl Fcstone Inc. Has $309,000 Stake in Alphabet Inc (GOOG)

Intl Fcstone Inc. reduced its position in Alphabet Inc (NASDAQ:GOOG) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298 shares of the information services provider’s stock after selling 65 shares during the period. Intl Fcstone Inc.’s holdings in Alphabet were worth $309,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its stake in Alphabet by 0.7% in the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after acquiring an additional 10 shares during the last quarter. Bath Savings Trust Co lifted its stake in Alphabet by 4.1% in the fourth quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after acquiring an additional 10 shares during the last quarter. Vigilant Capital Management LLC lifted its stake in Alphabet by 6.4% in the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after acquiring an additional 11 shares during the last quarter. Kistler Tiffany Companies LLC lifted its stake in Alphabet by 2.5% in the fourth quarter. Kistler Tiffany Companies LLC now owns 499 shares of the information services provider’s stock valued at $517,000 after acquiring an additional 12 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in Alphabet by 0.5% in the fourth quarter. Curbstone Financial Management Corp now owns 3,178 shares of the information services provider’s stock valued at $3,291,000 after acquiring an additional 16 shares during the last quarter. 34.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now owns 80 shares of the company’s stock, valued at $96,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $1,023.13, for a total transaction of $10,231,300.00. Following the transaction, the chief executive officer now directly owns 816 shares in the company, valued at approximately $834,874.08. The disclosure for this sale can be found here. Insiders have sold 36,437 shares of company stock worth $38,346,021 in the last ninety days. 13.11% of the stock is currently owned by insiders.

GOOG has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 19th. JMP Securities reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 19th. Nomura reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, December 4th. BidaskClub upgraded shares of Alphabet from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 13th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, December 21st. Three investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,327.66.

Shares of Alphabet stock opened at $1,184.46 on Monday. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,273.89. The firm has a market capitalization of $823.42 billion, a PE ratio of 24.93, a PEG ratio of 1.44 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. During the same period in the previous year, the company earned $9.70 earnings per share. Alphabet’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc will post 47.38 EPS for the current year.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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