HT Partners LLC Has $1.22 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

HT Partners LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,650 shares of the information services provider’s stock after selling 190 shares during the quarter. Alphabet comprises approximately 0.5% of HT Partners LLC’s investment portfolio, making the stock its 17th biggest holding. HT Partners LLC’s holdings in Alphabet were worth $1,219,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its position in shares of Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after purchasing an additional 129,835,437 shares in the last quarter. FMR LLC lifted its stake in Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after acquiring an additional 4,348,188 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after acquiring an additional 9,703,425 shares during the last quarter. Morgan Stanley lifted its position in shares of Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Alphabet by 2.3% during the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock worth $7,550,942,000 after buying an additional 1,275,060 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total value of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares of the company’s stock, valued at $973,436.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now owns 6,784 shares in the company, valued at $973,436.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 240 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $140.51, for a total value of $33,722.40. Following the completion of the sale, the director now directly owns 14,815 shares in the company, valued at approximately $2,081,655.65. The disclosure for this sale can be found here. Insiders sold a total of 251,378 shares of company stock valued at $35,461,377 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

NASDAQ:GOOG traded up $0.18 during trading hours on Thursday, hitting $152.12. The company’s stock had a trading volume of 7,996,089 shares, compared to its average volume of 22,909,428. The company has a market capitalization of $1.89 trillion, a P/E ratio of 26.16, a PEG ratio of 1.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a twelve month low of $100.29 and a twelve month high of $155.20. The stock has a fifty day simple moving average of $144.57 and a 200-day simple moving average of $139.30.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS 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 firm 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 posted $1.05 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Alphabet

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.