Seizert Capital Partners LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Seizert Capital Partners LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,131 shares of the information services provider’s stock after selling 1,301 shares during the period. Seizert Capital Partners LLC’s holdings in Alphabet were worth $22,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Alphabet during the fourth quarter worth about $14,477,662,000. Fundsmith LLP bought a new position in shares of Alphabet during the fourth quarter worth about $1,214,138,000. Invesco Ltd. lifted its position in shares of Alphabet by 14.1% during the fourth quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock worth $6,640,190,000 after purchasing an additional 283,907 shares during the last quarter. State Street Corp lifted its position in shares of Alphabet by 1.4% during the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock worth $32,599,789,000 after purchasing an additional 157,280 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Alphabet during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $114.86 on Tuesday. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.88 and a beta of 1.08. The stock’s fifty day simple moving average is $154.53 and its 200-day simple moving average is $138.55.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the previous year, the company posted $27.26 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John L. Hennessy sold 31 shares of Alphabet stock in a transaction on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the transaction, the director now owns 265 shares in the company, valued at $604,459.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, Director John L. Hennessy sold 31 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the transaction, the director now owns 265 shares in the company, valued at $604,459.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of the stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the purchase, the insider now directly owns 479,695 shares of the company’s stock, valued at $16,621,431.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 6,737 shares of company stock worth $11,549,847. 11.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GOOGL. Canaccord Genuity Group reduced their price target on shares of Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Barclays dropped their price objective on shares of Alphabet from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 5th. Citigroup dropped their price objective on shares of Alphabet from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Wells Fargo & Company dropped their price objective on shares of Alphabet from $170.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Finally, JMP Securities dropped their price objective on shares of Alphabet from $165.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 30th. Five equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $147.29.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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