Gables Capital Management Inc. Sells 400 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Gables Capital Management Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,753 shares of the information services provider’s stock after selling 400 shares during the period. Alphabet makes up approximately 1.4% of Gables Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Gables Capital Management Inc.’s holdings in Alphabet were worth $2,125,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP acquired a new position in Alphabet during the first quarter valued at approximately $16,688,000. Markel Corp raised its position in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after purchasing an additional 2,250 shares in the last quarter. United Bank raised its position in Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after purchasing an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after buying an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after buying an additional 1,570 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $129.10 on Monday. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01. The business has a fifty day moving average of $133.89 and a 200 day moving average of $125.59. Alphabet Inc. has a 1 year low of $83.71 and a 1 year high of $141.22.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 250 shares of Alphabet stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $124.36, for a total transaction of $31,090.00. Following the completion of the transaction, the director now owns 14,226 shares in the company, valued at approximately $1,769,145.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, Director Frances Arnold sold 250 shares of Alphabet stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $124.36, for a total transaction of $31,090.00. Following the completion of the transaction, the director now owns 14,226 shares in the company, valued at approximately $1,769,145.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 425 shares of Alphabet stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $129.08, for a total value of $54,859.00. Following the transaction, the chief accounting officer now owns 26,413 shares of the company’s stock, valued at approximately $3,409,390.04. The disclosure for this sale can be found here. Insiders sold 101,576 shares of company stock worth $13,593,261 in the last 90 days. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOGL. Jefferies Financial Group increased their price objective on Alphabet from $150.00 to $165.00 in a report on Wednesday, July 26th. KeyCorp lowered their target price on shares of Alphabet from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Mizuho increased their price objective on shares of Alphabet from $135.00 to $155.00 in a research note on Wednesday, July 26th. Wells Fargo & Company increased their price objective on shares of Alphabet from $121.00 to $126.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 10th. Finally, The Goldman Sachs Group raised their price target on shares of Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.91.

About Alphabet

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.