Symmetry Partners LLC Sells 2,182 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Symmetry Partners LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 31.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,658 shares of the information services provider’s stock after selling 2,182 shares during the period. Symmetry Partners LLC’s holdings in Alphabet were worth $10,151,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GW Henssler & Associates Ltd. grew its holdings in shares of Alphabet by 3.5% in the first quarter. GW Henssler & Associates Ltd. now owns 10,307 shares of the information services provider’s stock worth $28,667,000 after acquiring an additional 351 shares during the period. Bay Rivers Group lifted its position in Alphabet by 5.9% during the first quarter. Bay Rivers Group now owns 1,418 shares of the information services provider’s stock valued at $3,944,000 after purchasing an additional 79 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Alphabet by 2.6% during the first quarter. Pinnacle Wealth Management Group Inc. now owns 390 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 10 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Alphabet by 4.8% during the first quarter. Steward Partners Investment Advisory LLC now owns 40,211 shares of the information services provider’s stock valued at $111,841,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Landmark Wealth Management LLC purchased a new position in Alphabet during the first quarter valued at $312,000. Institutional investors own 1.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Itaú Unibanco assumed coverage on Alphabet in a research report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 target price on the stock. BNP Paribas downgraded Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 target price on the stock. in a research report on Wednesday, July 20th. JMP Securities decreased their target price on Alphabet from $165.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 30th. Itau BBA Securities began coverage on Alphabet in a research report on Tuesday, July 26th. They issued a “market perform” rating and a $113.00 target price on the stock. Finally, Guggenheim decreased their target price on Alphabet to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $147.41.

Alphabet Stock Performance

Shares of GOOGL opened at $103.07 on Tuesday. Alphabet Inc. has a 12 month low of $100.94 and a 12 month high of $151.55. The stock has a fifty day moving average price of $112.93 and a 200-day moving average price of $118.73. 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 firm has a market cap of $1.34 trillion, a PE ratio of 19.18, a P/E/G ratio of 1.66 and a beta of 1.09.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. The business had revenue of $57.47 billion for the quarter, compared to analysts’ expectations of $57.55 billion. During the same quarter in the prior year, the company posted $27.26 EPS. Equities research analysts predict that Alphabet Inc. will post 5.21 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the transaction, the director now directly owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the transaction, the senior vice president now directly owns 1,608 shares of the company’s stock, valued at approximately $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,536 shares of company stock worth $15,729,998. Insiders own 11.44% of the company’s stock.

About Alphabet

(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

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.