Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 569 shares of the information services provider’s stock after selling 5 shares during the period. Fort Sheridan Advisors LLC’s holdings in Alphabet were worth $1,648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Geode Capital Management LLC lifted its stake in shares of Alphabet by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,206,549 shares of the information services provider’s stock worth $13,883,223,000 after acquiring an additional 147,755 shares during the period. Morgan Stanley lifted its stake in shares of Alphabet by 3.1% in the 3rd quarter. Morgan Stanley now owns 3,317,690 shares of the information services provider’s stock worth $8,869,912,000 after acquiring an additional 101,173 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Alphabet by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,825,959 shares of the information services provider’s stock worth $8,186,916,000 after acquiring an additional 20,120 shares during the period. Capital World Investors lifted its stake in shares of Alphabet by 0.3% in the 3rd quarter. Capital World Investors now owns 2,064,262 shares of the information services provider’s stock worth $5,518,933,000 after acquiring an additional 5,326 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Alphabet by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 1,942,947 shares of the information services provider’s stock worth $5,628,795,000 after acquiring an additional 105,467 shares during the period. 41.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet stock traded up $64.13 during mid-day trading on Friday, reaching $2,321.01. 1,748,103 shares of the stock were exchanged, compared to its average volume of 2,051,722. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $2,570.32 and a 200 day simple moving average of $2,733.56. Alphabet Inc. has a fifty-two week low of $2,196.49 and a fifty-two week high of $3,030.93.

Shares of Alphabet are set to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be issued to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter last year, the firm posted $26.29 EPS. On average, research analysts predict that Alphabet Inc. will post 112.62 EPS for the current fiscal year.

In related news, SVP Prabhakar Raghavan sold 490 shares of Alphabet stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now owns 497 shares of the company’s stock, valued at approximately $1,160,644.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of Alphabet stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.16, for a total transaction of $6,073,818.84. The disclosure for this sale can be found here. Insiders have sold a total of 550,261 shares of company stock valued at $21,637,779 in the last quarter. 13.20% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Rosenblatt Securities started coverage on shares of Alphabet in a research note on Tuesday, April 19th. They issued a “buy” rating and a $4,183.00 price target for the company. BMO Capital Markets cut their target price on shares of Alphabet from $3,300.00 to $3,000.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Susquehanna Bancshares increased their target price on shares of Alphabet from $3,600.00 to $3,750.00 and gave the company a “positive” rating in a research note on Wednesday, February 2nd. Bank of America increased their target price on shares of Alphabet from $3,470.00 to $3,510.00 and gave the company a “buy” rating in a research note on Wednesday, February 2nd. Finally, Stifel Nicolaus cut their target price on shares of Alphabet from $3,500.00 to $3,100.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $3,314.08.

Alphabet Company Profile (Get Rating)

Alphabet Inc provides 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 offers 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:GOOGL)

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