Ziegler Capital Management LLC Sells 811 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Ziegler Capital Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 20,508 shares of the information services provider’s stock after selling 811 shares during the quarter. Alphabet makes up approximately 2.4% of Ziegler Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Ziegler Capital Management LLC’s holdings in Alphabet were worth $56,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morling Financial Advisors LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $29,000. West Bancorporation Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $29,000. Wealthgate Family Office LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. NS Partners Ltd purchased a new stake in shares of Alphabet during the 4th quarter valued at about $41,000. Finally, AHL Investment Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $46,000. 41.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Piper Sandler dropped their target price on Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Exane BNP Paribas downgraded Alphabet from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 20th. William Blair restated an “outperform” rating on shares of Alphabet in a report on Wednesday, July 27th. Jefferies Financial Group dropped their price objective on Alphabet from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Monness Crespi & Hardt dropped their price objective on Alphabet to $145.00 in a report on Tuesday, July 5th. Five analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.36.

Alphabet Trading Up 0.1 %

Shares of GOOGL stock opened at $118.19 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. Alphabet Inc. has a 1 year low of $101.88 and a 1 year high of $151.55. The stock has a fifty day moving average of $155.17 and a two-hundred day moving average of $138.09. The firm has a market capitalization of $1.56 trillion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the business posted $27.26 EPS. As a group, research analysts expect that Alphabet Inc. will post 5.22 EPS for the current year.

Insider Transactions at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were bought at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the purchase, the insider now owns 479,695 shares of the company’s stock, valued at $16,621,431.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 847 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $114.33, for a total value of $96,837.51. Following the sale, the chief accounting officer now owns 24,052 shares of the company’s stock, valued at approximately $2,749,865.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the purchase, the insider now directly owns 479,695 shares in the company, valued at approximately $16,621,431.75. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 7,584 shares of company stock valued at $11,646,684. Corporate insiders own 11.44% of the company’s stock.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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