Yousif Capital Management LLC Has $126.15 Million Stock Holdings in Alphabet Inc. $GOOGL

Yousif Capital Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 715,796 shares of the information services provider’s stock after selling 6,281 shares during the quarter. Alphabet accounts for 1.4% of Yousif Capital Management LLC’s portfolio, making the stock its 7th biggest position. Yousif Capital Management LLC’s holdings in Alphabet were worth $126,145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mystic Asset Management Inc. increased its stake in shares of Alphabet by 6.7% during the first quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock valued at $4,400,000 after buying an additional 1,791 shares during the period. Harbour Trust & Investment Management Co increased its stake in shares of Alphabet by 0.3% during the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider’s stock valued at $4,187,000 after buying an additional 80 shares during the period. Cypress Capital LLC increased its stake in shares of Alphabet by 4.1% during the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock valued at $2,213,000 after buying an additional 563 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Alphabet by 17.9% during the first quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after buying an additional 13,371 shares during the period. Finally, Alaethes Wealth LLC increased its stake in shares of Alphabet by 1.1% during the first quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock valued at $1,182,000 after buying an additional 84 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.6%

GOOGL stock opened at $253.08 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $257.33. The business has a fifty day moving average price of $235.60 and a 200-day moving average price of $194.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 26.95, a P/E/G ratio of 1.70 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion during the quarter, compared to analysts’ expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of several research analyst reports. Truist Financial boosted their target price on Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Morgan Stanley set a $270.00 target price on Alphabet and gave the company an “overweight” rating in a research note on Thursday, October 2nd. HSBC assumed coverage on Alphabet in a research report on Tuesday, October 7th. They set a “buy” rating and a $285.00 price target on the stock. Guggenheim restated a “buy” rating and set a $280.00 price target (up from $210.00) on shares of Alphabet in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.12.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 103 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the sale, the director owned 17,284 shares of the company’s stock, valued at approximately $4,202,258.92. This trade represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,150 shares of company stock valued at $55,805,379 in the last 90 days. 11.64% 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.