Iron Financial LLC lowered its stake in Alphabet Inc (NASDAQ:GOOG) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 243 shares of the information services provider’s stock after selling 215 shares during the quarter. Iron Financial LLC’s holdings in Alphabet were worth $252,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. First PREMIER Bank grew its stake in shares of Alphabet by 80.0% in the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock valued at $38,000 after buying an additional 16 shares in the last quarter. CX Institutional boosted its holdings in Alphabet by 471.4% in the fourth quarter. CX Institutional now owns 40 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Alphabet by 440.0% in the fourth quarter. Bogart Wealth LLC now owns 54 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 44 shares during the last quarter. Ironwood Financial llc boosted its holdings in Alphabet by 111.1% in the third quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 50 shares during the last quarter. Finally, Patton Albertson Miller Group LLC purchased a new position in Alphabet in the third quarter valued at about $116,000. Institutional investors and hedge funds own 34.07% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub raised Alphabet from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank reissued a “buy” rating and issued a $1,380.00 price target (up previously from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a report on Monday, November 19th. Piper Jaffray Companies increased their price target on Alphabet from $1,250.00 to $1,355.00 and gave the company an “overweight” rating in a report on Tuesday, February 5th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,327.66.

In other Alphabet news, Director John L. Hennessy sold 375 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $96,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Amie Thuener O’toole sold 89 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,145.00, for a total value of $101,905.00. Following the transaction, the vice president now directly owns 388 shares in the company, valued at approximately $444,260. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,437 shares of company stock worth $38,346,021. 13.11% of the stock is currently owned by company insiders.

NASDAQ:GOOG opened at $1,184.46 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,273.89. The company has a market cap of $823.42 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.44 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $10.86 by $1.91. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. During the same quarter last year, the business posted $9.70 EPS. Alphabet’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc will post 47.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Iron Financial LLC Sells 215 Shares of Alphabet Inc (GOOG)” was first published by Marea Informative and is owned by of Marea Informative. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.mareainformativa.com/news/2019/03/17/iron-financial-llc-sells-215-shares-of-alphabet-inc-goog.html.

About Alphabet

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

Further Reading: What is a recession?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.