Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,649 shares of the information services provider’s stock after selling 14,500 shares during the period. Alphabet makes up approximately 3.3% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Schnieders Capital Management LLC’s holdings in Alphabet were worth $14,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOOG. Bruce G. Allen Investments LLC acquired a new position in Alphabet during the fourth quarter worth about $26,000. Tandem Wealth Advisors LLC acquired a new stake in Alphabet in the third quarter valued at approximately $25,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the fourth quarter worth $28,000. Buck Wealth Strategies LLC bought a new position in Alphabet in the 3rd quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Alphabet during the third quarter worth about $32,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 300 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $157.95 on Friday. Alphabet Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $161.70. 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 company has a market cap of $1.96 trillion, a PE ratio of 27.23, a P/E/G ratio of 1.48 and a beta of 1.05. The business has a 50-day simple moving average of $148.48 and a two-hundred day simple moving average of $142.51.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. As a group, equities analysts expect that Alphabet Inc. will post 6.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOG shares. Raymond James boosted their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus boosted their price objective 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. Finally, Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $159.86.

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.