Alan B Lancz & Associates Inc. Sells 950 Shares of Alphabet Inc. $GOOG

Alan B Lancz & Associates Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the information services provider’s stock after selling 950 shares during the quarter. Alphabet accounts for approximately 3.3% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 5th largest holding. Alan B Lancz & Associates Inc.’s holdings in Alphabet were worth $3,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Revisor Wealth Management LLC grew its position in Alphabet by 107.9% during the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after buying an additional 1,899 shares during the period. GAMMA Investing LLC grew its position in Alphabet by 19.5% during the first quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock worth $14,323,000 after buying an additional 14,931 shares during the period. Embree Financial Group grew its position in Alphabet by 6.2% during the first quarter. Embree Financial Group now owns 16,007 shares of the information services provider’s stock worth $2,501,000 after buying an additional 935 shares during the period. Finally, Petros Family Wealth LLC grew its position in Alphabet by 4.5% during the first quarter. Petros Family Wealth LLC now owns 14,678 shares of the information services provider’s stock worth $2,293,000 after buying an additional 637 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG opened at $252.53 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.70 and a beta of 1.00. The company’s 50 day simple moving average is $235.22 and its 200 day simple moving average is $194.81. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $257.88.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird upped their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Mizuho upgraded shares of Alphabet to a “strong-buy” rating in a research report on Monday, September 29th. BNP Paribas downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Citizens Jmp raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 26th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $310.00 price target on shares of Alphabet in a report on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $246.26.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 23,820 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,150 shares of company stock valued at $55,805,379. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

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.