Slow Capital Inc. Sells 493 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Slow Capital Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 102,812 shares of the information services provider’s stock after selling 493 shares during the quarter. Alphabet accounts for approximately 2.5% of Slow Capital Inc.’s investment portfolio, making the stock its 11th largest holding. Slow Capital Inc.’s holdings in Alphabet were worth $14,362,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quantum Private Wealth LLC grew its position in Alphabet by 0.7% during the 4th quarter. Quantum Private Wealth LLC now owns 28,930 shares of the information services provider’s stock worth $4,041,000 after acquiring an additional 200 shares during the last quarter. Phoenix Wealth Advisors boosted its stake in Alphabet by 5.8% in the fourth quarter. Phoenix Wealth Advisors now owns 2,665 shares of the information services provider’s stock worth $368,000 after purchasing an additional 145 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Alphabet by 4.2% during the fourth quarter. Duncker Streett & Co. Inc. now owns 78,577 shares of the information services provider’s stock worth $10,976,000 after purchasing an additional 3,182 shares during the last quarter. Sloy Dahl & Holst LLC increased its stake in shares of Alphabet by 37.1% in the fourth quarter. Sloy Dahl & Holst LLC now owns 3,422 shares of the information services provider’s stock valued at $478,000 after buying an additional 926 shares in the last quarter. Finally, Guidance Point Advisors LLC raised its holdings in shares of Alphabet by 21.5% in the fourth quarter. Guidance Point Advisors LLC now owns 2,589 shares of the information services provider’s stock valued at $362,000 after buying an additional 459 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was 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 owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The shares were 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 owns 2,377,691 shares in the company, valued at $347,832,416.39. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction dated Friday, March 8th. The shares were 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 of the company’s stock, valued at approximately $243,854,485.32. 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 ninety days. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 0.5 %

GOOGL opened at $159.13 on Thursday. The stock has a market capitalization of $1.98 trillion, a P/E ratio of 27.44, a P/E/G ratio of 1.44 and a beta of 1.05. 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 firm’s fifty day simple moving average is $146.96 and its 200 day simple moving average is $141.06.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates 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 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Roth Mkm decreased their price objective on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Redburn Atlantic upped their price objective on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Barclays lowered their target price on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price target (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.71.

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.