Alphabet Inc. $GOOGL Holdings Lowered by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,583 shares of the information services provider’s stock after selling 285 shares during the period. Arlington Financial Advisors LLC’s holdings in Alphabet were worth $4,861,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GOOGL. Brighton Jones LLC increased its position in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Alphabet by 10.5% in the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after buying an additional 9,900 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Alphabet by 3.0% during the first quarter. Oppenheimer & Co. Inc. now owns 468,308 shares of the information services provider’s stock worth $72,419,000 after acquiring an additional 13,770 shares during the period. Finally, Eagle Strategies LLC increased its position in Alphabet by 6.3% during the first quarter. Eagle Strategies LLC now owns 9,673 shares of the information services provider’s stock worth $1,496,000 after acquiring an additional 575 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $270.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Westpark Capital upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Wedbush upped their price target on shares of Alphabet from $245.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company set a $236.00 target price on shares of Alphabet and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group increased their price target on shares of Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.55.

Insider Buying and Selling at Alphabet

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

Alphabet Price Performance

NASDAQ:GOOGL opened at $259.92 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $261.68. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $236.72 and a 200 day simple moving average of $195.60. The stock has a market capitalization of $3.14 trillion, a PE ratio of 27.68, a P/E/G ratio of 1.75 and a beta of 1.00.

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

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.