LaFleur & Godfrey LLC Sells 465 Shares of Alphabet Inc. (NASDAQ:GOOG)

LaFleur & Godfrey LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,494 shares of the information services provider’s stock after selling 465 shares during the period. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $6,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Moneta Group Investment Advisors LLC raised its stake in Alphabet by 61,587.1% in 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 buying an additional 129,835,437 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Alphabet by 1,807.4% in the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock worth $5,487,226,000 after buying an additional 54,077,519 shares in the last quarter. Norges Bank bought a new position in Alphabet in the fourth quarter worth about $3,059,614,000. Morgan Stanley raised its stake in 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 buying an additional 19,612,974 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Alphabet by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GOOG. Susquehanna increased their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $146.33.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at $339,443,236.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at $339,443,236.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the sale, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The disclosure for this sale can be found here. Insiders have sold a total of 251,378 shares of company stock worth $35,461,377 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.1 %

Shares of NASDAQ GOOG traded up $0.13 on Thursday, reaching $152.07. 7,434,348 shares of the company’s stock traded hands, compared to its average volume of 22,903,941. Alphabet Inc. has a 12 month low of $100.29 and a 12 month high of $155.20. The business’s 50 day simple moving average is $144.57 and its two-hundred day simple moving average is $139.30. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth 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 posted 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 net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 6.77 EPS 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.