Northstar Advisory Group LLC Reduces Position in Alphabet Inc. (NASDAQ:GOOGL)

Northstar Advisory Group LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 94.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96 shares of the information services provider’s stock after selling 1,720 shares during the quarter. Northstar Advisory Group LLC’s holdings in Alphabet were worth $209,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dravo Bay LLC purchased a new stake in shares of Alphabet in the first quarter valued at about $28,000. Wealthgate Family Office LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. Financial Enhancement Group LLC purchased a new stake in shares of Alphabet in the first quarter valued at about $31,000. Advocacy Wealth Management Services LLC grew its holdings in shares of Alphabet by 72.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 8 shares during the period. Finally, Cordant Inc. purchased a new stake in shares of Alphabet in the first quarter valued at about $56,000. Hedge funds and other institutional investors own 1.88% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 300 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.94, for a total transaction of $32,682.00. Following the transaction, the director now directly owns 11,360 shares in the company, valued at $1,237,558.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Prabhakar Raghavan sold 1,109 shares of the firm’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 $2,402,914.66. Following the transaction, the senior vice president now directly owns 1,608 shares in the company, valued at $3,484,117.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 300 shares of Alphabet stock in a transaction on Monday, July 25th. The shares were sold at an average price of $108.94, for a total transaction of $32,682.00. Following the completion of the transaction, the director now owns 11,360 shares in the company, valued at $1,237,558.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,536 shares of company stock worth $15,729,998. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $101.14 on Wednesday. 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 firm has a market capitalization of $1.32 trillion, a P/E ratio of 18.82, a P/E/G ratio of 1.66 and a beta of 1.09. The firm’s 50 day moving average is $112.60 and its two-hundred day moving average is $118.51. Alphabet Inc. has a 52 week low of $100.52 and a 52 week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its 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 $1.27 by ($0.06). The business had revenue of $57.47 billion for the quarter, compared to analysts’ expectations of $57.55 billion. Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter last year, the business posted $27.26 earnings per share. Research analysts forecast that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. Oppenheimer dropped their price objective on shares of Alphabet to $155.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. KeyCorp lowered their target price on shares of Alphabet from $153.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, July 26th. Piper Sandler lowered their target price on shares of Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Stifel Nicolaus set a $155.00 target price on shares of Alphabet in a research note on Monday, July 18th. Finally, Jefferies Financial Group lowered their target price on shares of Alphabet from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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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