Alphabet Inc. $GOOGL Shares Sold by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,269 shares of the information services provider’s stock after selling 151 shares during the period. Alphabet comprises approximately 1.0% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 16th largest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Alphabet were worth $2,162,000 as of its most recent SEC filing.

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

Alphabet Trading Up 3.6%

Shares of GOOGL stock opened at $269.27 on Tuesday. The stock has a 50-day simple moving average of $238.03 and a 200 day simple moving average of $196.63. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $270.14. The stock has a market capitalization of $3.26 trillion, a P/E ratio of 28.68, 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.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at $598,149,304. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock valued at $55,805,379 over the last 90 days. 11.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Wedbush increased their price target on Alphabet from $245.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group increased their price target on Alphabet from $230.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Mizuho set a $295.00 price target on Alphabet and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Needham & Company LLC increased their price target on Alphabet from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.34.

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.