GoalVest Advisory LLC Lowers Stake in Alphabet Inc. (NASDAQ:GOOGL)

GoalVest Advisory LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 59.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,777 shares of the information services provider’s stock after selling 20,019 shares during the period. Alphabet makes up 0.8% of GoalVest Advisory LLC’s investment portfolio, making the stock its 28th largest holding. GoalVest Advisory LLC’s holdings in Alphabet were worth $1,216,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GOOGL. IAG Wealth Partners LLC lifted its stake in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Artemis Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. Laurel Wealth Planning LLC increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares in the last quarter. Coston McIsaac & Partners grew its holdings in shares of Alphabet by 1,900.0% during the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after buying an additional 304 shares in the last quarter. Finally, Horizons Wealth Management purchased a new stake in shares of Alphabet during the second quarter worth about $33,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares of the company’s stock, valued at $14,474,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,008,412. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,245 shares of company stock worth $7,174,078. Insiders own 11.44% of the company’s stock.

Alphabet Stock Up 1.3 %

Alphabet stock opened at $101.62 on Friday. The company has a 50-day simple moving average of $95.08 and a 200-day simple moving average of $96.18. The firm has a market capitalization of $1.30 trillion, a P/E ratio of 22.33, a P/E/G ratio of 1.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same quarter in the prior year, the company posted $1.53 EPS. As a group, equities analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial lowered their target price on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Barclays lifted their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. New Street Research began coverage on shares of Alphabet in a research report on Wednesday, January 4th. They set a “buy” rating and a $118.00 price target on the stock. StockNews.com began coverage on shares of Alphabet in a research report on Thursday. They set a “hold” rating on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.44.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.