Rothschild Capital Partners LLC Lowers Position in Alphabet Inc. (NASDAQ:GOOGL)

Rothschild Capital Partners LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,923 shares of the information services provider’s stock after selling 421 shares during the period. Alphabet accounts for 8.7% of Rothschild Capital Partners LLC’s portfolio, making the stock its 2nd largest holding. Rothschild Capital Partners LLC’s holdings in Alphabet were worth $24,818,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Financial Strategies Inc. grew its holdings in Alphabet by 1.3% during the 4th quarter. Summit Financial Strategies Inc. now owns 322 shares of the information services provider’s stock valued at $933,000 after buying an additional 4 shares during the last quarter. Palisades Hudson Asset Management L.P. lifted its stake in shares of Alphabet by 1.1% during the 4th quarter. Palisades Hudson Asset Management L.P. now owns 361 shares of the information services provider’s stock worth $1,046,000 after purchasing an additional 4 shares during the period. AFT Forsyth & Company Inc. lifted its stake in shares of Alphabet by 0.3% during the 4th quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider’s stock worth $3,427,000 after purchasing an additional 4 shares during the period. Bay Harbor Wealth Management LLC lifted its stake in shares of Alphabet by 6.8% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider’s stock worth $175,000 after purchasing an additional 4 shares during the period. Finally, Midwest Professional Planners LTD. lifted its stake in shares of Alphabet by 2.3% during the 4th quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider’s stock worth $521,000 after purchasing an additional 4 shares during the period. 41.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 31 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the sale, the director now directly owns 265 shares of the company’s stock, valued at $604,459.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the completion of the transaction, the chief accounting officer now owns 1,181 shares of the company’s stock, valued at $2,714,682.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 31 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the completion of the transaction, the director now directly owns 265 shares of the company’s stock, valued at approximately $604,459.70. The disclosure for this sale can be found here. Insiders have sold 42,383 shares of company stock valued at $15,761,666 over the last three months. Company insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Alphabet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. MKM Partners reduced their price target on Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Piper Sandler reduced their price target on Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Wolfe Research reduced their price target on Alphabet from $175.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Finally, Wells Fargo & Company cut their target price on Alphabet from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.36.

Alphabet Stock Performance

GOOGL stock opened at $117.47 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.55 trillion, a P/E ratio of 21.85, a P/E/G ratio of 1.91 and a beta of 1.08. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55. The stock’s 50 day simple moving average is $155.27 and its 200 day simple moving average is $137.96.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate 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 earned $27.26 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 5.22 EPS for the current year.

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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