Alphabet Inc. $GOOGL Shares Sold by Nadler Financial Group Inc.

Nadler Financial Group Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,815 shares of the information services provider’s stock after selling 194 shares during the quarter. Nadler Financial Group Inc.’s holdings in Alphabet were worth $1,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. GAMMA Investing LLC lifted its stake in Alphabet by 10.5% during the 1st quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after acquiring an additional 9,900 shares in the last quarter. Hudson Value Partners LLC boosted its holdings in Alphabet by 1.3% during the 1st quarter. Hudson Value Partners LLC now owns 74,229 shares of the information services provider’s stock valued at $11,479,000 after acquiring an additional 947 shares during the period. Finally, Jericho Financial LLP grew its position in Alphabet by 5.3% in the 1st quarter. Jericho Financial LLP now owns 37,197 shares of the information services provider’s stock valued at $5,752,000 after acquiring an additional 1,860 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $259.92 on Friday. The company has a market cap of $3.14 trillion, a P/E ratio of 27.68, a PEG ratio of 1.71 and a beta of 1.00. The firm has a fifty day moving average price of $236.72 and a 200 day moving average price of $195.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $261.68.

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, beating analysts’ consensus estimates of $2.15 by $0.16. The company had revenue of $96.43 billion for 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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GOOGL shares. BNP Paribas Exane increased their price target on shares of Alphabet from $187.00 to $247.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wedbush increased their target price on shares of Alphabet from $225.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Citizens Jmp boosted their price target on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Wells Fargo & Company set a $236.00 price objective on Alphabet and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $263.20.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the completion of the sale, the chief executive officer owned 2,397,392 shares in the company, valued at $598,149,304. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 246,150 shares of company stock worth $55,805,379. 11.64% of the stock is currently owned by insiders.

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.