Flossbach Von Storch AG Sells 448 Shares of Alphabet Inc. (NASDAQ:GOOG)

Flossbach Von Storch AG trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,032 shares of the information services provider’s stock after selling 448 shares during the period. Flossbach Von Storch AG’s holdings in Alphabet were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GOOG. Tandem Wealth Advisors LLC purchased a new position in shares of Alphabet in the third quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet in the fourth quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of Alphabet during the 2nd quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the fourth quarter valued at $28,000. Finally, Buck Wealth Strategies LLC purchased a new position in Alphabet during the third quarter valued at $32,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock valued at $36,377,482. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday. Susquehanna raised their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Raymond James lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $159.86.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $155.72 on Friday. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 26.85, a PEG ratio of 1.45 and a beta of 1.05. The firm has a fifty day simple moving average of $147.46 and a two-hundred day simple moving average of $141.87. 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:GOOG) 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 firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Alphabet Company 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.