Hamilton Point Investment Advisors LLC Sells 303 Shares of Alphabet Inc. $GOOGL

Hamilton Point Investment Advisors LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,794 shares of the information services provider’s stock after selling 303 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Alphabet were worth $845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Missouri Trust & Investment Co lifted its holdings in Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after buying an additional 55 shares during the period. AM Investment Strategies LLC lifted its holdings in Alphabet by 0.9% during the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after buying an additional 57 shares during the period. Bfsg LLC lifted its holdings in Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock worth $1,838,000 after buying an additional 59 shares during the period. Financial Council LLC lifted its stake in shares of Alphabet by 1.0% in the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock valued at $1,022,000 after purchasing an additional 60 shares during the period. Finally, Enzi Wealth grew its stake in Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after purchasing an additional 62 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. New Street Research boosted their target price on Alphabet from $275.00 to $295.00 in a research report on Friday. Robert W. Baird boosted their target price on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. BNP Paribas Exane boosted their target price on Alphabet from $187.00 to $247.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. CIBC boosted their target price on Alphabet to $315.00 in a research report on Monday, October 20th. Finally, Canaccord Genuity Group boosted their target price on Alphabet from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. Four research 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. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $263.55.

Alphabet Stock Up 2.7%

GOOGL opened at $259.92 on Friday. The stock has a market cap of $3.14 trillion, a PE ratio of 27.68, a P/E/G ratio of 1.75 and a beta of 1.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $261.68. The business’s fifty day simple moving average is $236.72 and its 200 day simple moving average is $195.60.

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

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’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 directly owned 42,985 shares in the company, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 103 shares of Alphabet stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the transaction, the director owned 17,284 shares of the company’s stock, valued at $4,202,258.92. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 over the last ninety days. 11.64% of the stock is owned by corporate 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.