LaFleur & Godfrey LLC Sells 4,644 Shares of Alphabet Inc. (NASDAQ:GOOG)

LaFleur & Godfrey LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.8% in the third quarter, HoldingsChannel reports. The fund owned 31,587 shares of the information services provider’s stock after selling 4,644 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $5,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Life Insurance Co. lifted its position in Alphabet by 3.0% during the third quarter. Sumitomo Life Insurance Co. now owns 71,764 shares of the information services provider’s stock valued at $11,998,000 after purchasing an additional 2,067 shares in the last quarter. Safeguard Financial LLC lifted its position in shares of Alphabet by 3.7% during the 3rd quarter. Safeguard Financial LLC now owns 4,152 shares of the information services provider’s stock valued at $694,000 after buying an additional 148 shares in the last quarter. Tsfg LLC lifted its position in shares of Alphabet by 1.5% during the 3rd quarter. Tsfg LLC now owns 15,883 shares of the information services provider’s stock valued at $2,656,000 after buying an additional 233 shares in the last quarter. Nexus Investment Management ULC grew its stake in shares of Alphabet by 0.9% during the 3rd quarter. Nexus Investment Management ULC now owns 210,543 shares of the information services provider’s stock valued at $35,201,000 after acquiring an additional 1,880 shares during the period. Finally, Roberts Wealth Advisors LLC increased its holdings in Alphabet by 1.3% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 83,244 shares of the information services provider’s stock worth $13,794,000 after acquiring an additional 1,069 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GOOG shares. Pivotal Research started coverage on shares of Alphabet in a report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target on the stock. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. DA Davidson upgraded Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, TD Cowen upped their price objective on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.90.

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 value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’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 value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock worth $35,993,340 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $166.74 on Thursday. The firm has a market cap of $2.06 trillion, a PE ratio of 25.57, a PEG ratio of 1.21 and a beta of 1.04. The stock has a 50 day moving average of $163.17 and a 200 day moving average of $169.55. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, research analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

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.