Howard Capital Management cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,415 shares of the information services provider’s stock after selling 162 shares during the period. Howard Capital Management’s holdings in Alphabet were worth $5,608,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Diversified Trust Co boosted its position in shares of Alphabet by 0.7% during the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after buying an additional 10 shares during the period. Bath Savings Trust Co boosted its position in shares of Alphabet by 4.1% during the fourth quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after buying an additional 10 shares during the period. Vigilant Capital Management LLC boosted its position in shares of Alphabet by 6.4% during the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after buying an additional 11 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of Alphabet by 2.5% during the fourth quarter. Kistler Tiffany Companies LLC now owns 499 shares of the information services provider’s stock valued at $517,000 after buying an additional 12 shares during the period. Finally, First Midwest Bank Trust Division boosted its position in shares of Alphabet by 3.8% during the fourth quarter. First Midwest Bank Trust Division now owns 414 shares of the information services provider’s stock valued at $429,000 after buying an additional 15 shares during the period. 34.42% of the stock is currently owned by institutional investors and hedge funds.

In other Alphabet news, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $1,100.00, for a total value of $41,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $1,023.13, for a total transaction of $10,231,300.00. Following the completion of the sale, the chief executive officer now directly owns 816 shares in the company, valued at $834,874.08. The disclosure for this sale can be found here. Insiders have sold 26,437 shares of company stock worth $27,931,021 over the last three months. Corporate insiders own 13.11% of the company’s stock.

Shares of GOOG opened at $1,205.50 on Monday. The firm has a market cap of $838.05 billion, a PE ratio of 25.37, a P/E/G ratio of 1.45 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, beating analysts’ consensus estimates of $10.86 by $1.91. The firm had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.70 earnings per share. Sell-side analysts anticipate that Alphabet Inc will post 47.38 EPS for the current fiscal year.

Several research analysts have issued reports on GOOG shares. BidaskClub upgraded Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, December 21st. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 7th. Finally, Deutsche Bank decreased their price target on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. Three analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,327.66.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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