Alphabet Inc. (NASDAQ:GOOG) is Bridge Creek Capital Management LLC’s 5th Largest Position

Bridge Creek Capital Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,839 shares of the information services provider’s stock after selling 465 shares during the quarter. Alphabet accounts for 2.6% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Bridge Creek Capital Management LLC’s holdings in Alphabet were worth $7,588,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Totem Point Management LLC boosted its stake in shares of Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after purchasing an additional 571 shares during the last quarter. Somerville Kurt F raised its holdings in Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares during the period. BCK Partners Inc. purchased a new position in Alphabet in the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. raised its holdings in Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after buying an additional 50 shares during the period. Finally, Fairfield Bush & CO. grew its holdings in Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after purchasing an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOG. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna raised their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $146.33.

Read Our Latest Stock Analysis on Alphabet

Alphabet Trading Down 0.4 %

Shares of NASDAQ:GOOG opened at $155.87 on Wednesday. The company has a market cap of $1.94 trillion, a PE ratio of 26.87, a P/E/G ratio of 1.41 and a beta of 1.05. The company’s 50-day moving average price is $145.15 and its 200 day moving average price is $139.74. Alphabet Inc. has a fifty-two week low of $102.38 and a fifty-two week high of $157.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. Alphabet’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the sale, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,239 shares of company stock worth $32,432,382. 12.99% of the stock is owned by corporate 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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