Seizert Capital Partners LLC Reduces Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Seizert Capital Partners LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,636 shares of the information services provider’s stock after selling 7,677 shares during the quarter. Seizert Capital Partners LLC’s holdings in Alphabet were worth $19,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Live Oak Investment Partners bought a new position in shares of Alphabet during the 4th quarter valued at $26,000. CarsonAllaria Wealth Management Ltd. increased its position in Alphabet by 136.7% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 164 shares during the last quarter. VitalStone Financial LLC lifted its holdings in Alphabet by 1,900.0% in the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in Alphabet in the fourth quarter worth about $34,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet during the 3rd quarter valued at about $38,000. 35.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price target on shares of Alphabet from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reduced their price objective on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Tigress Financial lifted their target price on Alphabet from $172.00 to $176.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 21st. Finally, JMP Securities boosted their price target on Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $153.65.

Read Our Latest Stock Analysis on GOOGL

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 16,088 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total value of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $133.32, for a total value of $55,994.40. Following the transaction, the chief accounting officer now owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the sale, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The disclosure for this sale can be found here. Insiders sold 136,974 shares of company stock valued at $19,427,217 over the last three months. 0.88% of the stock is owned by company insiders.

Alphabet Stock Up 0.3 %

Shares of NASDAQ GOOGL opened at $145.91 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $88.57 and a 12-month high of $153.78. The firm’s 50-day moving average price is $140.38 and its 200-day moving average price is $135.43. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.33 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the company earned $1.05 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

About Alphabet

(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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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