Nisa Investment Advisors LLC Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Nisa Investment Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,841,477 shares of the information services provider’s stock after selling 21,004 shares during the period. Alphabet comprises approximately 1.8% of Nisa Investment Advisors LLC’s portfolio, making the stock its 5th biggest holding. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $257,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Firethorn Wealth Partners LLC boosted its holdings in Alphabet by 6.3% in the fourth quarter. Firethorn Wealth Partners LLC now owns 9,390 shares of the information services provider’s stock valued at $1,312,000 after acquiring an additional 560 shares in the last quarter. Lodestone Wealth Management LLC boosted its holdings in Alphabet by 1.2% in the fourth quarter. Lodestone Wealth Management LLC now owns 10,012 shares of the information services provider’s stock valued at $1,399,000 after acquiring an additional 121 shares in the last quarter. BSN CAPITAL PARTNERS Ltd boosted its holdings in Alphabet by 133.3% in the fourth quarter. BSN CAPITAL PARTNERS Ltd now owns 3,500,000 shares of the information services provider’s stock valued at $479,625,000 after acquiring an additional 2,000,000 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its holdings in Alphabet by 4.4% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 65,775 shares of the information services provider’s stock valued at $9,188,000 after acquiring an additional 2,802 shares in the last quarter. Finally, Sabal Trust CO boosted its holdings in Alphabet by 10.5% in the fourth quarter. Sabal Trust CO now owns 22,697 shares of the information services provider’s stock valued at $3,171,000 after acquiring an additional 2,163 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. KeyCorp lifted their price target on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Roth Mkm lowered their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Mizuho raised their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, January 31st. Finally, Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Alphabet in a research 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.61.

Alphabet Trading Down 1.1 %

Alphabet stock opened at $157.73 on Friday. The business has a 50-day simple moving average of $145.33 and a two-hundred day simple moving average of $139.80. The company has a market cap of $1.96 trillion, a P/E ratio of 27.19, a P/E/G ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. 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:GOOGL) last released its quarterly 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 business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the company posted $1.05 EPS. Analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The disclosure for this sale can be found here. Insiders sold a total of 250,539 shares of company stock worth $35,906,259 in the last three months. 0.88% of the stock is currently owned by company insiders.

About Alphabet

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.