Alphabet Inc. (NASDAQ:GOOGL) Stake Cut by Alterity Financial Group LLC

Alterity Financial Group LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,290 shares of the information services provider’s stock after selling 478 shares during the quarter. Alphabet comprises approximately 5.9% of Alterity Financial Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Alterity Financial Group LLC’s holdings in Alphabet were worth $4,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Alphabet by 0.3% during the third quarter. Vanguard Group Inc. now owns 487,435,495 shares of the information services provider’s stock valued at $63,785,809,000 after buying an additional 1,302,104 shares during the last quarter. FMR LLC grew its holdings in shares of Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after buying an additional 12,070,681 shares during the last quarter. State Street Corp grew its holdings in shares of Alphabet by 0.8% during the second quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock valued at $26,159,242,000 after buying an additional 1,666,205 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after buying an additional 170,267,122 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Alphabet by 1.3% during the first quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock valued at $12,271,705,000 after buying an additional 1,499,107 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the sale, the director now owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. Insiders sold a total of 263,312 shares of company stock worth $37,268,315 in the last 90 days. Insiders own 0.88% of the company’s stock.

Alphabet Stock Up 0.0 %

GOOGL opened at $150.93 on Monday. Alphabet Inc. has a twelve month low of $99.78 and a twelve month high of $153.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $143.76 and a 200 day moving average price of $138.33. The company has a market cap of $1.88 trillion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm 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 firm earned $1.05 EPS. Sell-side analysts expect that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOGL shares. Redburn Atlantic boosted their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Truist Financial decreased their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of Alphabet from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.48.

Get Our Latest Stock Analysis 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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