Everett Harris & Co. CA Sells 19,727 Shares of Alphabet Inc. (NASDAQ:GOOG)

Everett Harris & Co. CA reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067,579 shares of the information services provider's stock after selling 19,727 shares during the period. Alphabet makes up 4.3% of Everett Harris & Co. CA's holdings, making the stock its 6th largest position. Everett Harris & Co. CA's holdings in Alphabet were worth $345,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC grew its holdings in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock valued at $34,000 after buying an additional 184 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Alphabet during the 2nd quarter valued at about $37,000. HWG Holdings LP acquired a new position in shares of Alphabet in the second quarter valued at about $40,000. Slocum Gordon & Co LLP purchased a new position in shares of Alphabet in the second quarter worth about $44,000. Finally, Hoese & Co LLP lifted its holdings in shares of Alphabet by 62.5% during the second quarter. Hoese & Co LLP now owns 260 shares of the information services provider's stock worth $45,000 after purchasing an additional 100 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company's stock, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. DA Davidson upgraded shares of Alphabet to a "hold" rating in a report on Tuesday, September 10th. Scotiabank initiated coverage on shares of Alphabet in a research note on Friday, October 11th. They issued a "sector outperform" rating and a $212.00 price objective on the stock. Cantor Fitzgerald upgraded shares of Alphabet to a "hold" rating in a research report on Thursday, September 5th. Pivotal Research began coverage on shares of Alphabet in a report on Tuesday, October 1st. They issued a "buy" rating and a $215.00 price target on the stock. Finally, Oppenheimer reduced their price objective on Alphabet from $210.00 to $185.00 and set an "outperform" rating for the company in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $186.90.

Alphabet Price Performance

NASDAQ GOOG traded up $0.54 during trading hours on Friday, reaching $165.05. The company's stock had a trading volume of 13,091,267 shares, compared to its average volume of 19,615,248. The firm has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.21 and a beta of 1.04. The company's 50-day moving average is $163.18 and its two-hundred day moving average is $169.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 1-year low of $121.46 and a 1-year high of $193.31.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business's revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. On average, equities analysts predict that Alphabet Inc. will post 7.64 EPS for the current year.

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.