Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by AIMZ Investment Advisors LLC

AIMZ Investment Advisors LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,061 shares of the information services provider’s stock after selling 351 shares during the quarter. Alphabet comprises 2.5% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. AIMZ Investment Advisors LLC’s holdings in Alphabet were worth $6,155,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. DC Investments Management LLC bought a new stake in Alphabet in the 1st quarter valued at $114,000. Bridgefront Capital LLC bought a new stake in shares of Alphabet in the first quarter valued at about $225,000. Worth Asset Management LLC acquired a new stake in Alphabet during the first quarter worth about $206,000. Eudaimonia Advisors LLC increased its stake in Alphabet by 15.1% during the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after acquiring an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new position in Alphabet in the 1st quarter valued at approximately $281,000. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated 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 owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,339 shares of company stock worth $36,377,482. Insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $156.01 on Friday. The business’s 50-day simple moving average is $146.16 and its 200 day simple moving average is $140.40. 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 stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.42 and a beta of 1.05. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $160.22.

Alphabet (NASDAQ:GOOGL) last issued its quarterly 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 net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the company earned $1.05 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Rosenblatt Securities reduced their price objective on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued a $168.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. Mizuho raised their price target on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, KeyCorp lifted their price objective on Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.97.

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.