Karp Capital Management Corp reduced its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311 shares of the information services provider’s stock after selling 80 shares during the quarter. Karp Capital Management Corp’s holdings in Alphabet were worth $298,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of GOOG. Macguire Cheswick & Tuttle Investment Counsel LLC increased its position in Alphabet by 8.2% during the 3rd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 17,311 shares of the information services provider’s stock worth $16,603,000 after purchasing an additional 1,319 shares during the period. Beech Hill Advisors Inc. grew its holdings in shares of Alphabet by 17.7% in the 3rd quarter. Beech Hill Advisors Inc. now owns 399 shares of the information services provider’s stock worth $383,000 after acquiring an additional 60 shares during the period. Eidelman Virant Capital grew its holdings in shares of Alphabet by 10.6% in the 3rd quarter. Eidelman Virant Capital now owns 5,283 shares of the information services provider’s stock worth $5,066,000 after acquiring an additional 505 shares during the period. Heritage Investors Management Corp grew its holdings in shares of Alphabet by 0.5% in the 3rd quarter. Heritage Investors Management Corp now owns 23,367 shares of the information services provider’s stock worth $22,412,000 after acquiring an additional 127 shares during the period. Finally, Tufton Capital Management grew its holdings in Alphabet by 1.4% during the 3rd quarter. Tufton Capital Management now owns 9,369 shares of the information services provider’s stock valued at $8,986,000 after buying an additional 125 shares during the last quarter. 34.63% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc (GOOG) opened at $1,082.48 on Thursday. Alphabet Inc has a 12 month low of $783.16 and a 12 month high of $1,086.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market cap of $754,990.00, a PE ratio of 36.06 and a beta of 0.94.
In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the transaction, the chief executive officer now owns 803 shares in the company, valued at approximately $861,329.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 184 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $1,012.66, for a total transaction of $186,329.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,900 shares of company stock worth $33,616,307. Insiders own 13.92% of the company’s stock.
A number of brokerages have commented on GOOG. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday, September 23rd. JMP Securities reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $988.73 price objective on the stock. in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have assigned a buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,046.04.
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Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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