tru Independence LLC Has $415,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

tru Independence LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,150 shares of the information services provider’s stock after selling 750 shares during the period. tru Independence LLC’s holdings in Alphabet were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Tolleson Wealth Management Inc. acquired a new stake in Alphabet during the second quarter worth approximately $411,000. Westshore Wealth LLC grew its position in Alphabet by 31.2% during the second quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider’s stock worth $1,887,000 after buying an additional 3,730 shares in the last quarter. Washington Trust Bank grew its position in Alphabet by 33.0% during the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider’s stock worth $970,000 after buying an additional 1,826 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. grew its position in Alphabet by 20.0% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,986 shares of the information services provider’s stock worth $724,000 after buying an additional 996 shares in the last quarter. Finally, Blue Barn Wealth LLC grew its position in Alphabet by 2.0% during the second quarter. Blue Barn Wealth LLC now owns 6,148 shares of the information services provider’s stock worth $744,000 after buying an additional 121 shares in the last quarter. Institutional investors own 27.13% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of analyst reports. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer reissued an “outperform” rating and set a $160.00 price target on shares of Alphabet in a research report on Wednesday, October 25th. Finally, Raymond James raised their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $140.75.

View Our Latest Analysis on GOOG

Alphabet Trading Up 0.3 %

Shares of GOOG stock opened at $143.94 on Monday. The stock’s fifty day moving average price is $141.06 and its two-hundred day moving average price is $136.08. The company has a market cap of $1.80 trillion, a PE ratio of 24.75, a P/E/G ratio of 1.33 and a beta of 1.06. Alphabet Inc. has a fifty-two week low of $88.86 and a fifty-two 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.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the sale, the director now owns 104,364 shares of the company’s stock, valued at approximately $13,681,076.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Kavitark Ram Shriram sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the sale, the director now owns 104,364 shares of the company’s stock, valued at approximately $13,681,076.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now directly owns 7,184 shares in the company, valued at approximately $954,897.28. The disclosure for this sale can be found here. Insiders have sold a total of 189,674 shares of company stock valued at $25,994,026 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

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, hardware, 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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