Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 897,033 shares of the information services provider’s stock after selling 3,837 shares during the period. Alphabet accounts for about 2.4% of Ieq Capital LLC’s investment portfolio, making the stock its 9th biggest holding. Ieq Capital LLC’s holdings in Alphabet were worth $117,386,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners acquired a new position in Alphabet during the fourth quarter worth $26,000. CarsonAllaria Wealth Management Ltd. raised its stake in Alphabet by 136.7% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock worth $34,000 after acquiring an additional 164 shares in the last quarter. VitalStone Financial LLC raised its stake in Alphabet by 1,900.0% during the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after acquiring an additional 266 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet during the fourth quarter worth $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the third quarter worth $38,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 420 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $133.32, for a total transaction of $55,994.40. Following the completion of the sale, the chief accounting officer now owns 26,833 shares in the company, valued at approximately $3,577,375.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 420 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the sale, the chief accounting officer now owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The disclosure for this sale can be found here. Insiders sold a total of 114,674 shares of company stock worth $16,162,276 over the last quarter. 0.88% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on GOOGL. Piper Sandler increased their price objective on Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Tigress Financial raised their target price on Alphabet from $172.00 to $176.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 21st. Truist Financial lowered their target price on Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.65.

Read Our Latest Analysis on Alphabet

Alphabet Stock Performance

Shares of GOOGL stock opened at $144.10 on Wednesday. The stock has a market cap of $1.80 trillion, a P/E ratio of 24.84, a P/E/G ratio of 1.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a fifty day moving average price of $139.90 and a two-hundred day moving average price of $135.29. Alphabet Inc. has a one year low of $88.57 and a one year high of $153.78.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the company posted $1.05 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 6.76 EPS for the current year.

Alphabet Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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