Planning Center Inc. Sells 99 Shares of Alphabet Inc. (NASDAQ:GOOG)

Planning Center Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,041 shares of the information services provider’s stock after selling 99 shares during the quarter. Planning Center Inc.’s holdings in Alphabet were worth $389,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Gateway Wealth Partners LLC grew its position in Alphabet by 16.3% in the fourth quarter. Gateway Wealth Partners LLC now owns 3,747 shares of the information services provider’s stock valued at $714,000 after purchasing an additional 525 shares in the last quarter. Capital Investment Counsel LLC boosted its stake in shares of Alphabet by 73.5% during the 4th quarter. Capital Investment Counsel LLC now owns 7,068 shares of the information services provider’s stock worth $1,346,000 after buying an additional 2,995 shares during the last quarter. BetterWealth LLC grew its holdings in shares of Alphabet by 0.7% in the 4th quarter. BetterWealth LLC now owns 18,321 shares of the information services provider’s stock valued at $3,489,000 after acquiring an additional 136 shares in the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $1,872,000. Finally, BSW Wealth Partners raised its holdings in Alphabet by 5.2% during the fourth quarter. BSW Wealth Partners now owns 24,478 shares of the information services provider’s stock worth $4,661,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,630 shares of company stock worth $22,258,133. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.5 %

GOOG stock opened at $205.60 on Friday. The business’s fifty day moving average price is $189.70 and its two-hundred day moving average price is $175.54. The stock has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the previous year, the company earned $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOOG shares. Citigroup boosted their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays upped their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Pivotal Research lifted their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.13.

About Alphabet

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.