Alphabet Inc (NASDAQ:GOOG) is Noesis Capital Mangement Corp’s 4th Largest Position

Noesis Capital Mangement Corp reduced its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,747 shares of the information services provider’s stock after selling 25 shares during the period. Alphabet comprises about 4.2% of Noesis Capital Mangement Corp’s holdings, making the stock its 4th largest position. Noesis Capital Mangement Corp’s holdings in Alphabet were worth $13,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. lifted its position in Alphabet by 0.5% in the third quarter. Griffin Asset Management Inc. now owns 2,444 shares of the information services provider’s stock valued at $2,979,000 after acquiring an additional 13 shares during the last quarter. Capital Management Associates NY lifted its position in Alphabet by 1.3% in the third quarter. Capital Management Associates NY now owns 795 shares of the information services provider’s stock valued at $969,000 after acquiring an additional 10 shares during the last quarter. Little House Capital LLC purchased a new stake in Alphabet in the third quarter valued at $1,660,000. Frisch Financial Group Inc. lifted its position in Alphabet by 4.9% in the third quarter. Frisch Financial Group Inc. now owns 1,071 shares of the information services provider’s stock valued at $1,306,000 after acquiring an additional 50 shares during the last quarter. Finally, Rossmore Private Capital lifted its position in Alphabet by 31.6% in the third quarter. Rossmore Private Capital now owns 1,872 shares of the information services provider’s stock valued at $2,282,000 after acquiring an additional 450 shares during the last quarter. 33.78% of the stock is owned by institutional investors and hedge funds.

In other news, SVP David C. Drummond sold 28,430 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,266.89, for a total value of $36,017,682.70. Following the completion of the sale, the senior vice president now directly owns 45,806 shares of the company’s stock, valued at $58,031,163.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 75 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,200.00, for a total transaction of $90,000.00. Following the transaction, the director now owns 310 shares in the company, valued at $372,000. The disclosure for this sale can be found here. Insiders sold 32,043 shares of company stock valued at $40,364,988 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Shares of NASDAQ:GOOG traded down $12.46 on Monday, reaching $1,298.91. The company’s stock had a trading volume of 91,110 shares, compared to its average volume of 1,446,592. The stock’s 50-day moving average is $1,241.41 and its two-hundred day moving average is $1,179.65. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,323.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock has a market capitalization of $895.89 billion, a P/E ratio of 27.34, a PEG ratio of 1.58 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. During the same period in the previous year, the company posted $13.06 earnings per share. Alphabet’s quarterly revenue was up 20.0% on a year-over-year basis. Equities analysts forecast that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on GOOG. Deutsche Bank reduced their price target on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 28th. Guggenheim boosted their price target on shares of Alphabet from $1,425.00 to $1,525.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Cowen boosted their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,460.27.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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