Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by James Hambro & Partners

James Hambro & Partners decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,327 shares of the information services provider’s stock after selling 631 shares during the quarter. Alphabet makes up approximately 0.3% of James Hambro & Partners’ holdings, making the stock its 25th biggest holding. James Hambro & Partners’ holdings in Alphabet were worth $6,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors 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 second quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock valued at $11,551,000 after buying an additional 80,934 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Alphabet during the second quarter valued at approximately $88,000. Ballast Advisors LLC raised its holdings in shares of Alphabet by 9.6% during the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after buying an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC raised its holdings in shares of Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after buying an additional 564 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of 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 buying an additional 104,366 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 3.0 %

Shares of NASDAQ:GOOGL opened at $155.49 on Tuesday. The firm has a fifty day moving average of $143.76 and a two-hundred day moving average of $138.34. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. Alphabet Inc. has a 12-month low of $101.93 and a 12-month high of $155.74. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

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

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total transaction of $3,152,475.00. Following the completion of the sale, the chief executive officer now owns 2,422,691 shares of the company’s stock, valued at approximately $339,443,236.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the sale, the chief executive officer now owns 2,422,691 shares of the company’s stock, valued at approximately $339,443,236.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Insiders sold 246,799 shares of company stock valued at $34,971,139 in the last quarter. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GOOGL shares. Truist Financial cut their price target on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. KeyCorp raised their price objective on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup raised their price objective on shares of Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Redburn Atlantic raised their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price objective on shares of Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.48.

View 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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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