Financial Futures Ltd Liability Co. Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Financial Futures Ltd Liability Co. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,832 shares of the information services provider’s stock after selling 100 shares during the period. Alphabet comprises 0.5% of Financial Futures Ltd Liability Co.’s investment portfolio, making the stock its 26th largest holding. Financial Futures Ltd Liability Co.’s holdings in Alphabet were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. DC Investments Management LLC bought a new stake in Alphabet in the 1st quarter worth approximately $114,000. Bridgefront Capital LLC bought a new stake in Alphabet in the 1st quarter worth approximately $225,000. Worth Asset Management LLC bought a new stake in Alphabet in the 1st quarter worth approximately $206,000. Eudaimonia Advisors LLC lifted its position in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new stake in Alphabet in the first quarter valued at approximately $281,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,033,907 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 1.8 %

Shares of NASDAQ:GOOGL opened at $154.86 on Tuesday. The company has a market cap of $1.93 trillion, a P/E ratio of 26.70, a PEG ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $160.22. The stock’s fifty day moving average price is $145.55 and its 200-day moving average price is $140.02.

Alphabet (NASDAQ:GOOGL) last announced 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 firm had revenue of $86.31 billion for 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 prior year, the company posted $1.05 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GOOGL shares. Wolfe Research boosted their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Barclays decreased their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Mizuho upped their target price on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $155.61.

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.