Moisand Fitzgerald Tamayo LLC Reduces Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Moisand Fitzgerald Tamayo LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 30.3% in the fourth quarter, HoldingsChannel reports. The fund owned 900 shares of the information services provider’s stock after selling 391 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Alphabet were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GOOGL. DE Burlo Group Inc. raised its holdings in shares of Alphabet by 520.0% during the 2nd quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock worth $11,551,000 after acquiring an additional 80,934 shares in the last quarter. West Tower Group LLC bought a new position in shares of Alphabet during the 2nd quarter worth $88,000. Ballast Advisors LLC grew its position in shares of Alphabet by 9.6% during the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after buying an additional 1,385 shares in the last quarter. Quantum Financial Advisors LLC grew its position in shares of Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after buying an additional 564 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Alphabet by 2.4% during the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after purchasing an additional 104,366 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares in the company, valued at $7,294,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the sale, the insider now owns 12,725 shares in the company, valued at approximately $1,809,495. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 263,312 shares of company stock valued at $37,268,315. Insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $150.93 on Friday. 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 business’s 50 day moving average price is $143.76 and its 200-day moving average price is $138.31. The firm has a market capitalization of $1.88 trillion, a PE ratio of 26.02, a P/E/G ratio of 1.39 and a beta of 1.04. Alphabet Inc. has a 1 year low of $99.78 and a 1 year high of $153.78.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GOOGL shares. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Barclays reduced their price target on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. JMP Securities lifted their price target on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Citigroup lifted their price target on Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.48.

Read Our Latest Stock 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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