Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,220 shares of the information services provider’s stock after selling 539 shares during the quarter. Alphabet accounts for approximately 2.6% of Schwarz Dygos Wheeler Investment Advisors LLC’s holdings, making the stock its 8th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Alphabet were worth $11,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Alphabet by 1.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 170,876 shares of the information services provider’s stock valued at $26,424,000 after purchasing an additional 3,198 shares in the last quarter. Melfa Wealth Management Inc. boosted its stake in shares of Alphabet by 2.9% in the 1st quarter. Melfa Wealth Management Inc. now owns 2,690 shares of the information services provider’s stock valued at $416,000 after purchasing an additional 75 shares in the last quarter. Sage Private Wealth Group LLC boosted its stake in shares of Alphabet by 2.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 3,808 shares of the information services provider’s stock valued at $589,000 after purchasing an additional 100 shares in the last quarter. ESG Planning DBA Harper Investing boosted its stake in shares of Alphabet by 29.2% in the 1st quarter. ESG Planning DBA Harper Investing now owns 23,365 shares of the information services provider’s stock valued at $3,613,000 after purchasing an additional 5,277 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at $570,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOGL. Piper Sandler raised their target price on Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Tigress Financial raised their target price on Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Roth Capital reaffirmed a “buy” rating and set a $205.00 price target (up previously from $180.00) on shares of Alphabet in a research note on Tuesday, July 8th. Finally, Susquehanna cut their price target on Alphabet from $225.00 to $220.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.19.

Alphabet Price Performance

NASDAQ GOOGL opened at $191.34 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a market capitalization of $2.32 trillion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The firm’s 50 day moving average is $172.90 and its 200-day moving average is $172.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the company earned $1.89 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the sale, the director owned 243,400 shares of the company’s stock, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the sale, the chief executive officer directly owned 2,527,392 shares of the company’s stock, valued at approximately $466,000,536.96. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,409 shares of company stock worth $43,523,710 over the last ninety days. Insiders own 11.55% of the company’s stock.

About Alphabet

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.