Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,574 shares of the information services provider's stock after selling 1,670 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Alphabet were worth $10,393,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new stake in Alphabet during the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth about $33,000. Sanctuary Wealth Management L.L.C. grew its holdings in shares of Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock worth $42,000 after buying an additional 117 shares in the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Alphabet by 32.3% in the third quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider's stock valued at $57,000 after buying an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $76,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 441 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company's stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,630 shares of company stock valued at $22,258,133. Corporate insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on GOOG. Wells Fargo & Company lifted their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Wedbush reiterated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday. Canaccord Genuity Group lifted their price target on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price objective on shares of Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $206.69.

Alphabet Stock Up 1.5 %

Alphabet stock traded up $2.97 during trading on Friday, reaching $205.60. 17,059,516 shares of the company's stock were exchanged, compared to its average volume of 16,222,196. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $207.08. The firm has a market cap of $2.52 trillion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company's 50-day moving average is $189.70 and its two-hundred day moving average is $175.54.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current 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.