Prentiss Smith & Co. Inc. Has $9.21 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Prentiss Smith & Co. Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,334 shares of the information services provider’s stock after selling 965 shares during the quarter. Alphabet accounts for 6.0% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its largest position. Prentiss Smith & Co. Inc.’s holdings in Alphabet were worth $9,205,000 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 made changes to their positions in the stock. Czech National Bank boosted its position in Alphabet by 5.1% in the third quarter. Czech National Bank now owns 978,396 shares of the information services provider’s stock valued at $163,578,000 after buying an additional 47,171 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Alphabet by 53.5% in the 3rd quarter. Apella Capital LLC now owns 6,664 shares of the information services provider’s stock worth $1,115,000 after acquiring an additional 2,324 shares in the last quarter. Goelzer Investment Management Inc. grew its position in Alphabet by 0.7% during the 3rd quarter. Goelzer Investment Management Inc. now owns 95,853 shares of the information services provider’s stock worth $16,026,000 after acquiring an additional 639 shares during the last quarter. Mirador Capital Partners LP increased its holdings in Alphabet by 1.7% during the 3rd quarter. Mirador Capital Partners LP now owns 110,697 shares of the information services provider’s stock valued at $18,507,000 after purchasing an additional 1,882 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC raised its position in Alphabet by 0.6% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 14,095 shares of the information services provider’s stock valued at $2,357,000 after purchasing an additional 80 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on GOOG. Citigroup lifted their price target on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer upped 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. Jefferies Financial Group raised their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

Shares of GOOG stock opened at $205.60 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $207.08. The firm has a fifty day moving average of $190.48 and a 200-day moving average of $175.66. The firm has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,630 shares of company stock valued at $22,258,133. Company insiders own 12.99% of the company’s stock.

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.