Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,716 shares of the information services provider’s stock after selling 6,977 shares during the period. Alphabet makes up approximately 3.7% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 7th largest position. S.E.E.D. Planning Group LLC’s holdings in Alphabet were worth $9,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Live Oak Investment Partners acquired a new position in Alphabet in the fourth quarter valued at $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet in the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet in the third quarter worth about $38,000. Meritage Group LP boosted its position in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the period. Finally, Macroview Investment Management LLC boosted its position in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on GOOGL. Mizuho raised their target price on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Citigroup reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. KeyCorp upped their target price on Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Truist Financial boosted their target price on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Rosenblatt Securities reduced their price target on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $155.47 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The stock has a 50 day moving average of $145.95 and a 200-day moving average of $140.29. The company has a market capitalization of $1.93 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the company posted $1.05 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last three months, insiders sold 251,339 shares of company stock worth $36,377,482. 0.88% of the stock is owned by company insiders.

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.