Duncker Streett & Co. Inc. Sells 8,843 Shares of Alphabet Inc. $GOOGL

Duncker Streett & Co. Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,554 shares of the information services provider’s stock after selling 8,843 shares during the quarter. Alphabet comprises approximately 2.3% of Duncker Streett & Co. Inc.’s holdings, making the stock its 9th largest holding. Duncker Streett & Co. Inc.’s holdings in Alphabet were worth $12,610,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. increased its position in shares of Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at $28,000. NBZ Investment Advisors LLC increased its position in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In related 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 approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the sale, the chief accounting officer 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. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 in the last three months. Insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Piper Sandler upped their price objective on shares of Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Robert W. Baird increased their target price on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. UBS Group reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, October 22nd. Truist Financial increased their target price on Alphabet from $225.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Westpark Capital increased their target price on Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. 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 company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $263.55.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $259.92 on Monday. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.75 and a beta of 1.00. The business has a 50-day moving average of $236.72 and a 200-day moving average of $195.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $261.68.

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.