Personal Capital Advisors Corp Has $12.78 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Personal Capital Advisors Corp lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,595 shares of the information services provider’s stock after selling 309 shares during the period. Personal Capital Advisors Corp’s holdings in Alphabet were worth $12,780,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GW Henssler & Associates Ltd. lifted its position in Alphabet by 3.5% in the 1st quarter. GW Henssler & Associates Ltd. now owns 10,307 shares of the information services provider’s stock valued at $28,667,000 after acquiring an additional 351 shares in the last quarter. Bay Rivers Group lifted its position in Alphabet by 5.9% in the 1st quarter. Bay Rivers Group now owns 1,418 shares of the information services provider’s stock valued at $3,944,000 after acquiring an additional 79 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Alphabet by 2.6% in the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 390 shares of the information services provider’s stock valued at $1,085,000 after acquiring an additional 10 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Alphabet by 4.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 40,211 shares of the information services provider’s stock valued at $111,841,000 after acquiring an additional 1,857 shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new stake in Alphabet in the 1st quarter valued at $312,000. Institutional investors and hedge funds own 1.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $110.65 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.44 trillion, a P/E ratio of 20.59, a P/E/G ratio of 1.75 and a beta of 1.09. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55. The firm has a 50-day moving average price of $113.69 and a two-hundred day moving average price of $119.73.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The firm had revenue of $57.47 billion for the quarter, compared to the consensus estimate of $57.55 billion. During the same period last year, the company posted $27.26 EPS. Analysts anticipate that Alphabet Inc. will post 5.21 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the completion of the sale, the chief accounting officer now owns 1,192 shares of the company’s stock, valued at approximately $2,582,754.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider John Kent Walker sold 34,799 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the transaction, the insider now owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the completion of the transaction, the chief accounting officer now directly owns 1,192 shares of the company’s stock, valued at approximately $2,582,754.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,036 shares of company stock valued at $15,564,998. Company insiders own 11.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOGL. Truist Financial cut their price objective on shares of Alphabet from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Exane BNP Paribas cut shares of Alphabet from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 20th. Itaú Unibanco started coverage on shares of Alphabet in a research report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target on the stock. Morgan Stanley boosted their price target on shares of Alphabet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Finally, MKM Partners cut their price target on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Five investment 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 stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $147.41.

Alphabet Company 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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