FNY Investment Advisers LLC Reduces Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

FNY Investment Advisers LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 78.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 729 shares of the information services provider’s stock after selling 2,629 shares during the period. FNY Investment Advisers LLC’s holdings in Alphabet were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GOOGL. Vanguard Group Inc. grew its holdings in shares of Alphabet by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock worth $63,785,809,000 after purchasing an additional 1,302,104 shares during the period. FMR LLC boosted its stake in Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the period. State Street Corp boosted its stake in Alphabet by 0.8% during the second quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after buying an additional 1,666,205 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after purchasing an additional 170,267,122 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Alphabet by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock worth $14,481,781,000 after purchasing an additional 2,731,671 shares during the period. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Alphabet Trading Up 2.1 %

Shares of Alphabet stock opened at $150.77 on Monday. Alphabet Inc. has a 12-month low of $99.74 and a 12-month high of $153.78. The stock has a market cap of $1.87 trillion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. The company has a 50-day moving average of $143.02 and a two-hundred day moving average of $137.83. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the sale, the chief executive officer now directly owns 2,310,191 shares in the company, valued at $343,710,216.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director John L. Hennessy sold 500 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now directly owns 8,791 shares in the company, valued at $1,314,254.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,659 shares of company stock valued at $39,460,310. 0.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GOOGL shares. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. BMO Capital Markets lifted their target price on Alphabet from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Truist Financial reduced their price target on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company increased their target price on shares of Alphabet from $141.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.48.

Get Our Latest Stock Analysis on Alphabet

About Alphabet

(Free Report)

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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