Stratos Investment Management LLC Sells 15,012 Shares of Alphabet Inc. $GOOGL

Stratos Investment Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,238 shares of the information services provider’s stock after selling 15,012 shares during the period. Alphabet makes up 1.0% of Stratos Investment Management LLC’s investment portfolio, making the stock its 26th largest holding. Stratos Investment Management LLC’s holdings in Alphabet were worth $22,776,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GOOGL. Missouri Trust & Investment Co raised its holdings in Alphabet by 0.3% in the second 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 last quarter. AM Investment Strategies LLC raised its holdings in Alphabet by 0.9% in the second 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 last quarter. Bfsg LLC raised its holdings in Alphabet by 0.6% in the second 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 last quarter. Financial Council LLC raised its holdings in Alphabet by 1.0% in the second quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock worth $1,022,000 after buying an additional 60 shares during the last quarter. Finally, Enzi Wealth raised its holdings in Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after buying an additional 62 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 103 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the transaction, the director 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 246,150 shares of company stock valued at $55,805,379. Company insiders own 11.64% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $269.27 on Tuesday. The firm has a fifty day moving average price of $238.03 and a 200-day moving average price of $196.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $3.26 trillion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $270.14.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GOOGL shares. Robert W. Baird lifted their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. JMP Securities reissued a “market outperform” rating and set a $290.00 price objective on shares of Alphabet in a report on Wednesday, October 22nd. KeyCorp reissued an “overweight” rating and set a $300.00 price objective (up from $265.00) on shares of Alphabet in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Finally, Melius Research boosted their price objective on shares of Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.