Alphabet Inc. (GOOG) Holdings Reduced by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,104 shares of the information services provider’s stock after selling 413 shares during the period. Alphabet accounts for about 2.0% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 16th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Alphabet were worth $9,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Rothschild Capital Partners LLC purchased a new position in Alphabet in the third quarter valued at approximately $3,161,000. Founders Capital Management LLC grew its position in shares of Alphabet by 1,868.4% during the third quarter. Founders Capital Management LLC now owns 9,468 shares of the information services provider’s stock worth $9,081,000 after acquiring an additional 8,987 shares during the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of Alphabet by 285.8% during the third quarter. Quantitative Systematic Strategies LLC now owns 1,408 shares of the information services provider’s stock worth $1,350,000 after acquiring an additional 1,043 shares during the last quarter. Argent Trust Co grew its position in shares of Alphabet by 3.7% during the third quarter. Argent Trust Co now owns 2,110 shares of the information services provider’s stock worth $2,024,000 after acquiring an additional 75 shares during the last quarter. Finally, Commonwealth Equity Services Inc grew its position in shares of Alphabet by 4.4% during the third quarter. Commonwealth Equity Services Inc now owns 47,546 shares of the information services provider’s stock worth $45,602,000 after acquiring an additional 1,999 shares during the last quarter. Institutional investors own 34.86% of the company’s stock.

In other news, VP James Grier Campbell sold 238 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total value of $276,701.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $1,028.26, for a total value of $5,850,799.40. Following the completion of the transaction, the senior vice president now owns 4,220 shares of the company’s stock, valued at approximately $4,339,257.20. The disclosure for this sale can be found here. In the last three months, insiders sold 54,410 shares of company stock valued at $58,606,136. 13.92% of the stock is owned by corporate insiders.



A number of equities analysts have recently issued reports on GOOG shares. UBS restated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Morningstar restated a “neutral” rating on shares of Alphabet in a research report on Friday, January 19th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, January 12th. Piper Jaffray raised their target price on shares of Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 11th. Finally, Vetr upgraded shares of Alphabet from a “strong sell” rating to a “sell” rating and set a $1,040.56 target price on the stock in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,089.34.

Alphabet stock opened at $1,032.51 on Friday. Alphabet Inc. has a one year low of $821.44 and a one year high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The firm has a market capitalization of $716,765.94, a price-to-earnings ratio of 32.22 and a beta of 1.08.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same period last year, the business posted $9.36 EPS. Alphabet’s revenue was up 24.0% compared to the same quarter last year.

Alphabet declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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