Semmax Financial Advisors Inc. Has $1.70 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Semmax Financial Advisors Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,602 shares of the information services provider’s stock after selling 233 shares during the period. Semmax Financial Advisors Inc.’s holdings in Alphabet were worth $1,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. VitalStone Financial LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $25,000. IAG Wealth Partners LLC grew its stake in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Laurel Wealth Planning LLC grew its stake in shares of Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Coston McIsaac & Partners grew its stake in shares of Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $33,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Trading Down 0.1 %

NASDAQ GOOGL opened at $122.76 on Friday. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.57 and a beta of 1.10. The stock’s 50 day moving average price is $106.43 and its two-hundred day moving average price is $98.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $125.97.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter in the previous year, the business posted $1.23 EPS. As a group, analysts anticipate that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the sale, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Ann Mather sold 380 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 732,217 shares of company stock worth $21,135,371 and have sold 601,450 shares worth $28,354,856. Company insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOOGL. Needham & Company LLC restated a “buy” rating and issued a $115.00 price objective on shares of Alphabet in a research note on Monday, April 3rd. Citigroup raised their target price on Alphabet from $120.00 to $130.00 in a research report on Wednesday, April 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Loop Capital cut Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Monday, May 15th. Finally, Truist Financial raised their target price on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Four investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.06.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.