Slow Capital Inc. Has $4.37 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Slow Capital Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 17.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,960 shares of the information services provider’s stock after selling 4,695 shares during the period. Slow Capital Inc.’s holdings in Alphabet were worth $4,373,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Weiss Asset Management LP bought a new position in shares of Alphabet in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. raised its position in shares of Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 117 shares during the period. Iron Horse Wealth Management LLC lifted its stake in shares of Alphabet by 32.3% in the third quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock worth $57,000 after buying an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Alphabet during the 4th quarter worth $76,000. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,630 shares of company stock worth $22,258,133 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 2.8 %

Shares of GOOG opened at $202.63 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.48 trillion, a PE ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84. The stock has a 50 day simple moving average of $189.03 and a 200-day simple moving average of $175.35.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on GOOG. Oppenheimer boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company increased their price objective on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.69.

Alphabet Company 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.