Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Matthew Goff Investment Advisor LLC



Matthew Goff Investment Advisor LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 15.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343 shares of the information services provider’s stock after selling 61 shares during the quarter. Matthew Goff Investment Advisor LLC’s holdings in Alphabet were worth $958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lincoln Capital LLC grew its holdings in shares of Alphabet by 0.6% in the fourth quarter. Lincoln Capital LLC now owns 671 shares of the information services provider’s stock valued at $1,942,000 after purchasing an additional 4 shares in the last quarter. Seascape Capital Management lifted its position in shares of Alphabet by 1.5% during the 4th quarter. Seascape Capital Management now owns 279 shares of the information services provider’s stock worth $807,000 after buying an additional 4 during the last quarter. Woodward Diversified Capital LLC lifted its position in shares of Alphabet by 0.8% during the 4th quarter. Woodward Diversified Capital LLC now owns 509 shares of the information services provider’s stock worth $1,473,000 after buying an additional 4 shares during the last quarter. Valley Brook Capital Group Inc. its raised position in Alphabet by 2.5% in the 4th quarter. Valley Brook Capital Group Inc. Now owns 166 shares of the information services provider’s stock valued at $480,000 after purchasing an additional 4 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA raised its position in Alphabet by 0.4% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 901 shares of the information services provider’s shares valued at $2,607,000 after purchasing an additional 4 during the last quarter. Institutional investors and hedge funds own 31.20% of the company’s stock.

In other news, SVP Prabhakar Raghavan sold 1,276 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $2,816.49, for a total transaction of $3,593,841.24. Following the sale, the senior vice president now directly owns 14,034 shares in the company, valued at $39,526,620.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $91,003.08. Following the sale, the chief accounting officer now owns 1,192 shares in the company, valued at $2,582,754.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 552,804 shares of company stock valued at $27,991,403. Corporate insiders own 12.99% of the company’s stock.

GOOG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their objective price on shares of Alphabet from $3,150.00 to $2,900.00 in a research note on Wednesday, April 27th. JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $3,450.00 to $3,200.00 in a report on Wednesday, April 27th. Raymond James reduced their target price on shares of Alphabet from $3,630.00 to $3,180.00 in a report on Wednesday, April 27th. Canaccord Genuity Group reduced their target price on shares of Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $3,290.00 target price on shares of Alphabet in a report on Thursday, April 28th. Twenty-nine investment analysts have rated the stock with a buy rating, according to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $3,315.38.

Shares of GOOG stock opened at $2,181.62 on Friday. Alphabet Inc. has a 12 month low of $2,044.16 and a 12 month high of $3,042.00. The firm has a market cap of $1.44 trillion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The stock has a 50 day moving average of $2,270.13 and a 200-day moving average of $2,571.29. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06.

Alphabet shares are going to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 EPS for the quarter, missing analysts’ consensus estimates of $25.70 by ($1.08). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The business had revenue of $56.02 billion for the quarter, compared to analyst estimates of $56.17 billion. During the same quarter last year, the firm earned $26.29 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 110.83 EPS for the current fiscal year.

About Alphabet (Get Rating)

Alphabet Inc provides 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 Pets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)



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