Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lessened by AMI Investment Management Inc.

AMI Investment Management Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 51,550 shares of the information services provider’s stock after selling 3,970 shares during the quarter. Alphabet comprises approximately 2.9% of AMI Investment Management Inc.’s portfolio, making the stock its 10th biggest holding. AMI Investment Management Inc.’s holdings in Alphabet were worth $7,265,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Totem Point Management LLC lifted its stake in Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after acquiring an additional 571 shares during the period. Somerville Kurt F lifted its position in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares during the period. BCK Partners Inc. bought a new position in shares of Alphabet during the first quarter valued at $2,564,000. Hall Capital Management Co. Inc. increased its holdings in shares of Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. increased its holdings in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of several analyst reports. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James raised their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $146.33.

Alphabet Trading Up 0.2 %

Alphabet stock opened at $152.26 on Friday. The business has a 50-day simple moving average of $144.75 and a two-hundred day simple moving average of $139.39. The company has a market cap of $1.89 trillion, a P/E ratio of 26.25, a P/E/G ratio of 1.40 and a beta of 1.05. Alphabet Inc. has a 52-week low of $100.29 and a 52-week high of $155.20. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total value of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at approximately $7,294,404. The disclosure for this sale can be found here. Insiders have sold a total of 251,138 shares of company stock valued at $35,427,655 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

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.