Mycio Wealth Partners LLC Sells 1,402 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mycio Wealth Partners LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,278 shares of the information services provider’s stock after selling 1,402 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Alphabet were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Meritage Group LP lifted its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the period. Macroview Investment Management LLC lifted its stake in shares of Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Armor Investment Advisors LLC raised its stake in Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new position in Alphabet during the 4th quarter worth approximately $55,000. Finally, LFA Lugano Financial Advisors SA raised its stake in Alphabet by 301.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after buying an additional 392 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 1.4 %

Shares of GOOGL stock opened at $156.28 on Tuesday. The business’s fifty day moving average is $146.43 and its 200 day moving average is $140.78. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $1.94 trillion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the business posted $1.05 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOGL. Wells Fargo & Company dropped their price target on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Truist Financial upped their price target on Alphabet from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Rosenblatt Securities dropped their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Finally, Jefferies Financial Group upped their target price on Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.71.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Alphabet 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.