AXS Investments LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 25.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,371 shares of the information services provider’s stock after selling 3,166 shares during the quarter. AXS Investments LLC’s holdings in Alphabet were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in GOOG. Mark Sheptoff Financial Planning LLC raised its position in Alphabet by 142.9% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock worth $35,000 after purchasing an additional 200 shares during the period. Milestone Wealth LLC increased its position in shares of Alphabet by 1,900.0% in the third quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 361 shares during the period. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the second quarter valued at about $46,000. GW&K Investment Management LLC purchased a new stake in shares of Alphabet during the first quarter worth about $50,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Alphabet in the second quarter worth about $50,000. Hedge funds and other institutional investors own 27.13% of the company’s stock.
Alphabet Stock Down 1.3 %
Shares of Alphabet stock traded down $1.76 during trading on Friday, hitting $136.94. The company’s stock had a trading volume of 25,590,191 shares, compared to its average volume of 25,945,371. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. The company has a fifty day simple moving average of $134.60 and a two-hundred day simple moving average of $128.16. The company has a market capitalization of $1.71 trillion, a PE ratio of 26.28, a P/E/G ratio of 1.53 and a beta of 1.05. Alphabet Inc. has a 52 week low of $85.57 and a 52 week high of $142.38.
In related news, Director Ann Mather sold 220 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $130.14, for a total value of $28,630.80. Following the transaction, the director now owns 4,818 shares in the company, valued at approximately $627,014.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total value of $27,460.00. Following the completion of the sale, the director now owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 220 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $130.14, for a total value of $28,630.80. Following the completion of the transaction, the director now owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The disclosure for this sale can be found here. Insiders sold 176,576 shares of company stock worth $23,425,367 over the last three months. 12.99% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have commented on GOOG shares. Susquehanna upped their price target on Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, October 25th. Robert W. Baird boosted their price objective on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Wedbush assumed coverage on shares of Alphabet in a report on Monday, August 21st. They issued an “outperform” rating for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $130.69.
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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