Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Security Financial Services INC.

Security Financial Services INC. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,999 shares of the information services provider’s stock after selling 73 shares during the period. Security Financial Services INC.’s holdings in Alphabet were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of GOOGL. DC Investments Management LLC purchased a new position in Alphabet in the 1st quarter valued at $114,000. Bridgefront Capital LLC purchased a new position in Alphabet in the 1st quarter valued at $225,000. Worth Asset Management LLC purchased a new position in Alphabet in the 1st quarter valued at $206,000. Eudaimonia Advisors LLC grew its position 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 buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in Alphabet in the 1st quarter valued at $281,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.4 %

NASDAQ GOOGL opened at $150.67 on Wednesday. Alphabet Inc. has a 12 month low of $99.74 and a 12 month high of $153.78. The company has a 50-day moving average of $143.17 and a 200-day moving average of $137.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $1.87 trillion, a P/E ratio of 25.98, a P/E/G ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 EPS. As a group, equities analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the sale, the senior vice president now owns 52,440 shares in the company, valued at approximately $7,294,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00. Following 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. Insiders sold a total of 279,659 shares of company stock valued at $39,460,310 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GOOGL. KeyCorp lifted their price objective on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Citigroup lifted their price objective on shares of Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Barclays decreased their target price on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Wells Fargo & Company boosted their target price on shares of Alphabet from $141.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, StockNews.com upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.48.

Get Our Latest Report on GOOGL

Alphabet Company Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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