DDD Partners LLC Sells 1,354 Shares of Alphabet Inc. (NASDAQ:GOOG)

DDD Partners LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,886 shares of the information services provider’s stock after selling 1,354 shares during the quarter. Alphabet makes up about 2.3% of DDD Partners LLC’s investment portfolio, making the stock its 20th largest position. DDD Partners LLC’s holdings in Alphabet were worth $17,177,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Tandem Wealth Advisors LLC bought a new position in Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet during the 4th quarter worth approximately $26,000. HWG Holdings LP bought a new position in Alphabet during the 2nd quarter worth approximately $26,000. Intrepid Capital Management Inc. purchased a new stake in Alphabet in the 2nd quarter worth approximately $31,000. Finally, Buck Wealth Strategies LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $32,000. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $3,347,550.00. Following the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at approximately $7,294,404. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred 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 transaction, 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 sold a total of 251,378 shares of company stock worth $35,461,377 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James raised 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. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $146.33.

Alphabet Price Performance

Shares of Alphabet stock opened at $151.94 on Thursday. The stock’s 50-day simple moving average is $144.57 and its 200-day simple moving average is $139.30. Alphabet Inc. has a 52 week low of $100.28 and a 52 week high of $155.20. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.40 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. As a group, analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

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.