Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,976 shares of the information services provider’s stock after selling 244 shares during the period. Compass Ion Advisors LLC’s holdings in Alphabet were worth $1,813,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ballast Advisors LLC raised its stake in shares of Alphabet by 9.6% in the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after acquiring an additional 1,385 shares in the last quarter. Quantum Financial Advisors LLC raised its stake in shares of Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after acquiring an additional 564 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Alphabet by 2.4% in 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 acquiring an additional 104,366 shares in the last quarter. NatWest Group plc raised its stake in shares of Alphabet by 239.0% in the fourth quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock valued at $14,080,000 after acquiring an additional 71,057 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its stake in Alphabet by 7.5% in the third quarter. Hartford Funds Management Co LLC now owns 25,486 shares of the information services provider’s stock valued at $3,335,000 after buying an additional 1,786 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.3 %

GOOGL stock opened at $156.14 on Thursday. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.43 and a beta of 1.05. 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 business has a fifty day simple moving average of $144.65 and a 200-day simple moving average of $139.39. Alphabet Inc. has a 52 week low of $102.63 and a 52 week high of $158.56.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the prior year, the firm posted $1.05 EPS. On average, equities research analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd. Redburn Atlantic lifted their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and set a $168.00 price target on shares of Alphabet in a report on Wednesday. Rosenblatt Securities decreased their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price target (up from $178.00) on shares of Alphabet in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $155.61.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total value of $3,198,150.00. Following the completion of the sale, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last three months, insiders sold 250,539 shares of company stock worth $35,906,259. Corporate insiders own 0.88% of the company’s stock.

Alphabet Company Profile

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.