Huntleigh Advisors Inc. Sells 2,000 Shares of Alphabet Inc. $GOOGL

Huntleigh Advisors Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,974 shares of the information services provider’s stock after selling 2,000 shares during the period. Alphabet makes up approximately 1.4% of Huntleigh Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Huntleigh Advisors Inc.’s holdings in Alphabet were worth $7,045,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.9% during the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock worth $78,839,544,000 after buying an additional 14,307,345 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Alphabet by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider’s stock worth $6,783,364,000 after buying an additional 4,473,901 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Alphabet by 1.4% during the first quarter. Invesco Ltd. now owns 43,648,514 shares of the information services provider’s stock worth $6,749,806,000 after buying an additional 593,345 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Alphabet by 1.9% during the first quarter. Deutsche Bank AG now owns 39,792,300 shares of the information services provider’s stock worth $6,153,481,000 after buying an additional 727,335 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Alphabet by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 38,556,577 shares of the information services provider’s stock worth $5,962,389,000 after purchasing an additional 104,859 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.7%

GOOGL opened at $267.47 on Wednesday. The company has a 50 day moving average of $239.35 and a 200 day moving average of $197.43. The company has a market cap of $3.23 trillion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $270.73. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GOOGL shares. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Cantor Fitzgerald upped their price target on shares of Alphabet from $201.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Truist Financial upped their price target on shares of Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wolfe Research upped their price target on shares of Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Finally, BMO Capital Markets set a $294.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.34.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were 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 directly owned 17,293 shares of the company’s stock, valued at $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 23,820 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 in the last three months. Company insiders own 11.55% of the company’s stock.

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.