Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 101,301 shares of the information services provider’s stock after selling 1,495 shares during the period. Alphabet comprises approximately 1.6% of Jacobs & Co. CA’s investment portfolio, making the stock its 16th biggest holding. Jacobs & Co. CA’s holdings in Alphabet were worth $14,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. DC Investments Management LLC purchased a new position in shares of Alphabet during the 1st quarter valued at about $115,000. Guardian Wealth Management Inc. acquired a new stake in shares of Alphabet during the 1st quarter valued at about $184,000. Turim 21 Investimentos Ltda. grew its position in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 8 shares during the period. qPULA Trading Management LP acquired a new stake in shares of Alphabet during the 1st quarter valued at about $279,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Alphabet by 29.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. Susquehanna lifted their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Raymond James upped their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $146.33.

Alphabet Price Performance

GOOG stock opened at $151.94 on Thursday. Alphabet Inc. has a 1 year low of $100.28 and a 1 year high of $155.20. The firm has a market capitalization of $1.89 trillion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The business has a 50 day simple moving average of $144.57 and a 200-day simple moving average of $139.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS 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 analysts’ expectations of $85.28 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The disclosure for this sale can be found here. Insiders have sold 251,378 shares of company stock worth $35,461,377 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Profile

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.