Alphabet Inc. $GOOGL Stock Holdings Trimmed by Prairie Sky Financial Group LLC

Prairie Sky Financial Group LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 43.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,092 shares of the information services provider’s stock after selling 1,580 shares during the quarter. Prairie Sky Financial Group LLC’s holdings in Alphabet were worth $369,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GOOGL. Mystic Asset Management Inc. grew its stake in Alphabet by 6.7% in 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 purchasing an additional 1,791 shares in the last quarter. Harbour Trust & Investment Management Co grew its stake in Alphabet by 0.3% in 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 purchasing an additional 80 shares in the last quarter. Cypress Capital LLC grew its stake in Alphabet by 4.1% in the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock valued at $2,213,000 after purchasing an additional 563 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Alphabet by 17.9% in 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 purchasing an additional 13,371 shares in the last quarter. Finally, Alaethes Wealth LLC grew its stake in Alphabet by 1.1% in the first quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock valued at $1,182,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 2.7%

Shares of GOOGL opened at $259.92 on Monday. 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 stock has a 50 day simple moving average of $236.72 and a 200-day simple moving average of $195.85. The stock has a market cap of $3.14 trillion, a PE ratio of 27.68, a PEG ratio of 1.75 and a beta of 1.00.

Analyst Ratings Changes

A number of research analysts have commented on GOOGL shares. 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 note on Monday, September 22nd. Loop Capital boosted their target price on Alphabet from $190.00 to $260.00 and gave the company a “hold” rating in a research note on Friday. Piper Sandler boosted their target price on Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. BNP Paribas Exane boosted their price target on Alphabet from $187.00 to $247.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, UBS Group reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, October 22nd. Four 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $263.55.

Insider Activity

In related news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the sale, the director directly owned 5,116 shares of the company’s stock, valued at $1,242,778.72. This trade represents a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the sale, the chief accounting officer directly owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,150 shares of company stock worth $55,805,379. 11.55% 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.