Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Northstar Group Inc.

by · The Markets Daily

Northstar Group Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,196 shares of the information services provider’s stock after selling 314 shares during the quarter. Alphabet makes up approximately 3.1% of Northstar Group Inc.’s portfolio, making the stock its 5th largest holding. Northstar Group Inc.’s holdings in Alphabet were worth $14,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Totem Point Management LLC raised its position in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the period. Somerville Kurt F grew its stake in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. acquired a new stake in shares of Alphabet in the first quarter worth $2,564,000. Hall Capital Management Co. Inc. grew its stake in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. grew its stake in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 27.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GOOG shares. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Raymond James lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $146.33.

View Our Latest Report on GOOG

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the transaction, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at $340,519,313.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the transaction, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at $340,519,313.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 28,281 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $141.40, for a total value of $3,998,933.40. Following the sale, the insider now directly owns 25,002 shares of the company’s stock, valued at $3,535,282.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,159 shares of company stock worth $39,220,185. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 1.5 %

Shares of NASDAQ:GOOG opened at $142.17 on Monday. Alphabet Inc. has a 52 week low of $95.87 and a 52 week high of $155.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company’s fifty day moving average is $143.64 and its 200-day moving average is $138.64. The company has a market capitalization of $1.77 trillion, a PE ratio of 24.51, a P/E/G ratio of 1.30 and a beta of 1.05.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

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.

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