Nicolet Bankshares Inc. Sells 14,142 Shares of Alphabet Inc. (NASDAQ:GOOG)

Nicolet Bankshares Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 28.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 35,747 shares of the information services provider’s stock after selling 14,142 shares during the period. Alphabet makes up about 1.4% of Nicolet Bankshares Inc.’s investment portfolio, making the stock its 13th largest position. Nicolet Bankshares Inc.’s holdings in Alphabet were worth $4,713,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research firms have issued reports on GOOG. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer restated an “outperform” rating and set a $160.00 price target on shares of Alphabet in a research note on Wednesday, October 25th. Finally, Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $146.33.

Check Out Our Latest Analysis on Alphabet

Alphabet Stock Performance

Alphabet stock traded down $0.80 during trading hours on Monday, reaching $149.42. 10,517,386 shares of the stock were exchanged, compared to its average volume of 21,335,262. Alphabet Inc. has a 52-week low of $88.86 and a 52-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. The firm’s 50 day moving average is $142.15 and its 200 day moving average is $136.93. The stock has a market cap of $1.87 trillion, a P/E ratio of 25.90, a P/E/G ratio of 1.39 and a beta of 1.06.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data 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 company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 420 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the sale, the chief accounting officer now owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $136.40, for a total value of $31,372.00. Following the sale, the director now owns 14,515 shares of the company’s stock, valued at approximately $1,979,846. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the sale, the chief accounting officer now directly owns 26,833 shares in the company, valued at approximately $3,577,375.56. The disclosure for this sale can be found here. Insiders have sold 136,974 shares of company stock valued at $19,427,217 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company 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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