Alphabet Inc. (NASDAQ:GOOG) is Stonehage Fleming Financial Services Holdings Ltd's 3rd Largest Position

Stonehage Fleming Financial Services Holdings Ltd decreased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,399,383 shares of the information services provider's stock after selling 159,073 shares during the period. Alphabet accounts for 7.5% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 3rd largest position. Stonehage Fleming Financial Services Holdings Ltd's holdings in Alphabet were worth $266,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. bought a new stake in shares of Alphabet during the 2nd quarter worth approximately $287,000. New Century Financial Group LLC acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $385,000. RiverFront Investment Group LLC lifted its stake in shares of Alphabet by 14.0% during the 2nd quarter. RiverFront Investment Group LLC now owns 214,555 shares of the information services provider's stock worth $39,354,000 after buying an additional 26,430 shares during the last quarter. Farmers National Bank boosted its holdings in shares of Alphabet by 91.9% during the second quarter. Farmers National Bank now owns 8,927 shares of the information services provider's stock worth $1,637,000 after acquiring an additional 4,274 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Alphabet in the 2nd quarter valued at $607,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of analyst reports. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Barclays boosted their price target on Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $205.13.

Alphabet Stock Performance

Shares of GOOG traded up $4.07 during trading hours on Thursday, hitting $201.25. The company's stock had a trading volume of 6,425,532 shares, compared to its average volume of 15,739,180. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $203.84. The company has a market cap of $2.46 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50 day simple moving average of $189.03 and a two-hundred day simple moving average of $175.35.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS 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 analyst estimates of $86.39 billion. During the same period last year, the company earned $1.55 earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 441 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,887 shares of company stock worth $22,470,464 in the last quarter. 12.99% of the stock is owned by company 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.