Duncker Streett & Co. Inc. Trims Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Duncker Streett & Co. Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,188 shares of the information services provider’s stock after selling 22 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Alphabet were worth $2,458,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Alphabet by 4.8% during the third quarter. Sei Investments Co. now owns 164,218 shares of the information services provider’s stock valued at $241,184,000 after purchasing an additional 7,589 shares in the last quarter. Thomasville National Bank lifted its holdings in shares of Alphabet by 1.1% during the fourth quarter. Thomasville National Bank now owns 12,160 shares of the information services provider’s stock valued at $21,303,000 after purchasing an additional 136 shares in the last quarter. Private Asset Management Inc. increased its position in Alphabet by 2.0% during the fourth quarter. Private Asset Management Inc. now owns 11,001 shares of the information services provider’s stock valued at $19,272,000 after acquiring an additional 216 shares during the last quarter. Spence Asset Management increased its position in Alphabet by 1.3% in the fourth quarter. Spence Asset Management now owns 11,461 shares of the information services provider’s stock worth $20,078,000 after buying an additional 152 shares in the last quarter. Finally, Capital Investment Services of America Inc. grew its position in shares of Alphabet by 2.4% during the fourth quarter. Capital Investment Services of America Inc. now owns 12,328 shares of the information services provider’s stock worth $21,597,000 after purchasing an additional 290 shares in the last quarter. 31.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John L. Hennessy sold 70 shares of Alphabet stock in a transaction on Monday, February 8th. The stock was sold at an average price of $2,085.54, for a total value of $145,987.80. Following the transaction, the director now directly owns 41 shares in the company, valued at approximately $85,507.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 3,000 shares of Alphabet stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $2,068.50, for a total value of $6,205,500.00. Following the completion of the transaction, the chief executive officer now owns 6,757 shares in the company, valued at $13,976,854.50. The disclosure for this sale can be found here. Insiders sold a total of 20,131 shares of company stock worth $43,393,845 over the last quarter. Company insiders own 12.99% of the company’s stock.

GOOG has been the subject of a number of research reports. Credit Suisse Group increased their price target on Alphabet from $2,500.00 to $2,755.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, April 28th. Mizuho raised their price objective on Alphabet from $2,350.00 to $2,600.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Morgan Stanley raised their price objective on Alphabet from $2,050.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $2,525.00 price objective on shares of Alphabet in a research note on Tuesday, April 13th. One research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2,495.63.

GOOG opened at $2,368.19 on Tuesday. The stock’s fifty day moving average is $2,201.27 and its two-hundred day moving average is $1,928.06. The company has a market capitalization of $1.60 trillion, a P/E ratio of 46.28, a PEG ratio of 1.66 and a beta of 0.98. Alphabet Inc. has a 52 week low of $1,299.00 and a 52 week high of $2,452.38. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 26th. The information services provider reported $26.29 EPS for the quarter, topping the consensus estimate of $15.74 by $10.55. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The company had revenue of $55.30 billion for the quarter, compared to the consensus estimate of $51.40 billion. During the same period last year, the business posted $9.87 EPS. Alphabet’s quarterly revenue was up 34.4% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current year.

Alphabet Company Profile

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

Further Reading: What are some reasons analysts would give stocks a buy rating?

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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