Oxbow Advisors LLC Has $1.49 Million Stock Holdings in Alphabet Inc. $GOOGL

Oxbow Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,425 shares of the information services provider’s stock after selling 54 shares during the quarter. Oxbow Advisors LLC’s holdings in Alphabet were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. lifted its stake 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 purchasing an additional 119 shares during the period. von Borstel & Associates Inc. bought a new stake in Alphabet in the 1st quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in Alphabet in the 1st quarter valued at about $28,000. NBZ Investment Advisors LLC increased its position in 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 Alphabet in the 1st quarter valued at about $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares in the company, valued at $598,149,304. The trade was a 1.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,150 shares of company stock worth $55,805,379 in the last 90 days. Insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on GOOGL. BMO Capital Markets set a $294.00 target price on Alphabet and gave the company an “outperform” rating in a research report on Thursday, October 9th. Jefferies Financial Group boosted their target price on Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. HSBC began coverage on Alphabet in a research report on Tuesday, October 7th. They issued a “buy” rating and a $285.00 target price for the company. Oppenheimer boosted their target price on Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Needham & Company LLC boosted their target price on Alphabet from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.34.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $269.27 on Tuesday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $270.14. The stock’s 50 day moving average price is $238.03 and its 200-day moving average price is $196.63. The company has a market capitalization of $3.26 trillion, a PE ratio of 28.68, a PEG 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 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.