Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by AMS Capital Ltda

AMS Capital Ltda lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,603 shares of the information services provider’s stock after selling 10,957 shares during the quarter. Alphabet comprises approximately 3.6% of AMS Capital Ltda’s holdings, making the stock its 4th largest position. AMS Capital Ltda’s holdings in Alphabet were worth $9,723,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. DC Investments Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC acquired a new stake in shares of Alphabet in the first quarter valued at $225,000. Worth Asset Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at $206,000. Eudaimonia Advisors LLC lifted its holdings in shares of Alphabet by 15.1% in the first 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 period. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of Alphabet in the first quarter valued at $281,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The transaction was disclosed in a legal filing 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 that occurred on 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 directly owns 2,310,191 shares in the company, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. Insiders have sold 263,312 shares of company stock valued at $37,268,315 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Susquehanna increased 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Mizuho increased their price target on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Redburn Atlantic increased their price target on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, JMP Securities increased 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. Five investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.48.

Get Our Latest Stock Analysis on GOOGL

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $150.93 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.39 and a beta of 1.04. The business’s 50-day simple moving average is $143.76 and its 200-day simple moving average is $138.33. Alphabet Inc. has a 52 week low of $99.78 and a 52 week high of $153.78.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued 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. The business 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 prior year, the firm posted $1.05 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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