Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,689 shares of the information services provider’s stock after selling 2,428 shares during the quarter. Alphabet accounts for 0.5% of Kovack Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Kovack Advisors Inc.’s holdings in Alphabet were worth $4,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Callan Capital LLC lifted its position in shares of Alphabet by 23.4% during the 4th quarter. Callan Capital LLC now owns 16,745 shares of the information services provider’s stock worth $2,360,000 after purchasing an additional 3,172 shares during the last quarter. Herold Advisors Inc. lifted its position in shares of Alphabet by 15.2% during the 4th quarter. Herold Advisors Inc. now owns 15,849 shares of the information services provider’s stock worth $2,234,000 after purchasing an additional 2,090 shares during the last quarter. Evolution Advisers Inc. lifted its position in shares of Alphabet by 200.0% during the 4th quarter. Evolution Advisers Inc. now owns 600 shares of the information services provider’s stock worth $84,000 after purchasing an additional 400 shares during the last quarter. VCI Wealth Management LLC purchased a new stake in shares of Alphabet during the 4th quarter worth $363,000. Finally, Stevens Capital Management LP lifted its position in Alphabet by 4,516.1% in the fourth quarter. Stevens Capital Management LP now owns 93,568 shares of the information services provider’s stock valued at $13,187,000 after acquiring an additional 91,541 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock worth $36,746,578. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 10.0 %

NASDAQ GOOG opened at $173.69 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $2.16 trillion, a PE ratio of 26.64, a P/E/G ratio of 1.60 and a beta of 1.05. Alphabet Inc. has a one year low of $104.42 and a one year high of $176.42. The firm’s fifty day moving average is $149.12 and its two-hundred day moving average is $142.77.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current year.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Finally, Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average target price of $165.67.

Alphabet 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.