Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Boyar Asset Management Inc.

Boyar Asset Management Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,604 shares of the information services provider’s stock after selling 1,195 shares during the quarter. Boyar Asset Management Inc.’s holdings in Alphabet were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter worth about $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet in the 1st quarter valued at about $225,000. Worth Asset Management LLC acquired a new stake in Alphabet in the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC lifted its holdings in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after acquiring an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new stake in Alphabet in the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Sanford C. Bernstein cut their price target on shares of Alphabet from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, April 20th. MKM Partners boosted their price objective on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Citigroup boosted their price objective on Alphabet from $120.00 to $130.00 in a report on Wednesday, April 26th. Finally, KeyCorp cut their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, January 30th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.06.

Insiders Place Their Bets

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

Alphabet Stock Down 0.1 %

Shares of GOOGL stock opened at $122.76 on Monday. The stock has a market cap of $1.56 trillion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Alphabet Inc. has a one year low of $83.34 and a one year high of $125.97. The stock has a fifty day moving average price of $106.43 and a 200 day moving average price of $98.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.

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

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.