Slow Capital Inc. Sells 4,695 Shares of Alphabet Inc. (NASDAQ:GOOG)

Slow Capital Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 17.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,960 shares of the information services provider's stock after selling 4,695 shares during the period. Slow Capital Inc.'s holdings in Alphabet were worth $4,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in shares of Alphabet during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet in the 3rd quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. boosted its stake in Alphabet by 87.3% during the 3rd 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 during the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of Alphabet by 32.3% in the 3rd 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 in the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of Alphabet in the fourth quarter worth $76,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded up $2.97 during mid-day trading on Friday, reaching $205.60. 17,059,516 shares of the company traded hands, compared to its average volume of 16,222,196. The company's 50 day moving average price is $189.70 and its 200-day moving average price is $175.54. The firm has a market cap of $2.52 trillion, a PE ratio of 27.27, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $207.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Canaccord Genuity Group raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Wedbush reissued an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.69.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,630 shares of company stock worth $22,258,133. 12.99% of the stock is owned by corporate insiders.

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.