Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Northstar Advisory Group LLC

Northstar Advisory Group LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 94.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96 shares of the information services provider’s stock after selling 1,720 shares during the quarter. Northstar Advisory Group LLC’s holdings in Alphabet were worth $209,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dravo Bay LLC acquired a new stake in Alphabet in the first quarter valued at $28,000. Financial Enhancement Group LLC acquired a new stake in Alphabet in the first quarter valued at $31,000. Wealthgate Family Office LLC acquired a new stake in Alphabet in the fourth quarter valued at $32,000. Verity Asset Management Inc. lifted its holdings in Alphabet by 536,206.4% in the first quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock valued at $39,000 after acquiring an additional 589,827 shares during the period. Finally, Advocacy Wealth Management Services LLC raised its stake in shares of Alphabet by 72.7% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock worth $41,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 1.88% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $101.14 on Wednesday. The stock’s 50 day moving average price is $112.60 and its 200 day moving average price is $118.51. The firm has a market capitalization of $1.32 trillion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. Alphabet Inc. has a one year low of $100.52 and a one year high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings results 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). The company had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the firm posted $27.26 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOGL shares. Itau BBA Securities started coverage on Alphabet in a research note on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target for the company. UBS Group cut their price target on Alphabet from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Tigress Financial lifted their price target on Alphabet from $183.00 to $186.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 3rd. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday, July 27th. Finally, Itaú Unibanco began coverage on Alphabet in a research note on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target for the company. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.41.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 300 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.94, for a total value of $32,682.00. Following the transaction, the director now directly owns 11,360 shares of the company’s stock, valued at approximately $1,237,558.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 300 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.94, for a total value of $32,682.00. Following the completion of the transaction, the director now directly owns 11,360 shares in the company, valued at $1,237,558.40. The disclosure for this sale can be found here. Insiders have sold a total of 44,536 shares of company stock valued at $15,729,998 in the last three months. Corporate insiders own 11.44% of the company’s stock.

Alphabet Profile

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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