Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Parkside Investments LLC

Parkside Investments LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 74,597 shares of the information services provider's stock after selling 7,586 shares during the period. Alphabet comprises approximately 2.1% of Parkside Investments LLC's holdings, making the stock its 6th largest position. Parkside Investments LLC's holdings in Alphabet were worth $14,206,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GOOG. Weiss Asset Management LP purchased a new position in Alphabet during the third quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet during the 3rd quarter valued at about $33,000. Sanctuary Wealth Management L.L.C. grew its position 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 valued at $42,000 after purchasing an additional 117 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings 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 worth $57,000 after purchasing an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a report on Friday, November 1st. UBS Group upped their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Scotiabank increased their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $205.80.

Alphabet Stock Up 2.8 %

Shares of NASDAQ GOOG traded up $5.45 during trading hours on Thursday, hitting $202.63. 14,456,939 shares of the stock were exchanged, compared to its average volume of 16,168,515. The company has a market cap of $2.48 trillion, a PE ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $203.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $189.03 and a 200-day moving average price of $175.35.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter last year, the firm earned $1.55 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 8.02 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,997 shares of company stock valued at $22,492,464. 12.99% of the stock is currently owned by corporate insiders.

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.