Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Reduced by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,002 shares of the information services provider’s stock after selling 23,163 shares during the quarter. Alphabet accounts for 1.1% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 10th biggest position. Glenmede Trust Co. NA’s holdings in Alphabet were worth $199,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC acquired a new position in shares of Alphabet during the third quarter worth about $25,000. HWG Holdings LP purchased a new stake in shares of Alphabet during the second quarter worth about $26,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Alphabet during the second quarter worth about $31,000. Intrepid Capital Management Inc. purchased a new stake in shares of Alphabet during the second quarter worth about $31,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet during the third quarter worth about $32,000. Institutional investors and hedge funds own 27.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOG. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $146.33.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Stock Down 0.4 %

NASDAQ:GOOG traded down $0.55 during mid-day trading on Friday, reaching $139.23. The stock had a trading volume of 15,594,046 shares, compared to its average volume of 21,871,088. The company has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. Alphabet Inc. has a 1-year low of $89.77 and a 1-year high of $155.20. The stock’s 50 day simple moving average is $144.28 and its two-hundred day simple moving average is $138.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 48,076 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John Kent Walker sold 48,076 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the transaction, the chief executive officer now owns 2,355,191 shares of the company’s stock, valued at approximately $336,980,728.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,800 shares of company stock worth $29,529,164. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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