Sentry Investment Management LLC Sells 203 Shares of Alphabet Inc. $GOOGL

Sentry Investment Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,699 shares of the information services provider’s stock after selling 203 shares during the period. Alphabet accounts for 1.8% of Sentry Investment Management LLC’s holdings, making the stock its 8th largest holding. Sentry Investment Management LLC’s holdings in Alphabet were worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. Diversified Trust Co lifted its holdings in shares of Alphabet by 2.0% during the first quarter. Diversified Trust Co now owns 305,027 shares of the information services provider’s stock worth $47,169,000 after purchasing an additional 5,892 shares during the period. Victrix Investment Advisors lifted its holdings in shares of Alphabet by 2.9% during the first quarter. Victrix Investment Advisors now owns 45,301 shares of the information services provider’s stock worth $6,849,000 after purchasing an additional 1,270 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Alphabet by 17.8% during the first quarter. Transcend Capital Advisors LLC now owns 63,325 shares of the information services provider’s stock worth $9,793,000 after purchasing an additional 9,549 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 2.5%

Alphabet stock opened at $281.48 on Friday. 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 Inc. has a 12-month low of $140.53 and a 12-month high of $291.59. The firm’s fifty day moving average is $242.49 and its 200 day moving average is $198.83. The company has a market capitalization of $3.40 trillion, a PE ratio of 27.76, a PEG ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’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 transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’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 directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 246,150 shares of company stock worth $55,805,379. Company insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GOOGL shares. New Street Research lifted their target price on Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. BMO Capital Markets set a $294.00 price objective on Alphabet and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Robert W. Baird boosted their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Alphabet from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $301.32.

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.