Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Reduced by Equitable Trust Co.

Equitable Trust Co. decreased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,486 shares of the information services provider’s stock after selling 2,606 shares during the quarter. Alphabet accounts for 3.7% of Equitable Trust Co.’s portfolio, making the stock its 2nd largest position. Equitable Trust Co.’s holdings in Alphabet were worth $44,687,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. TrueWealth Advisors LLC lifted its position in Alphabet by 62.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 5,557 shares of the information services provider’s stock worth $727,000 after buying an additional 2,126 shares during the last quarter. Encompass Wealth Advisors LLC lifted its stake in shares of Alphabet by 1.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 11,539 shares of the information services provider’s stock valued at $1,509,000 after acquiring an additional 140 shares during the last quarter. Fort Pitt Capital Group LLC lifted its stake in shares of Alphabet by 1.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 525,313 shares of the information services provider’s stock valued at $68,742,000 after acquiring an additional 5,962 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Alphabet by 3.7% in the 3rd quarter. Atria Investments Inc now owns 320,128 shares of the information services provider’s stock valued at $41,948,000 after acquiring an additional 11,358 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Alphabet by 65.9% in the 3rd quarter. Jump Financial LLC now owns 106,314 shares of the information services provider’s stock valued at $13,912,000 after acquiring an additional 42,239 shares during the last quarter. Institutional investors own 35.08% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $149.00 on Friday. The company has a market capitalization of $1.86 trillion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $140.72 and a 200 day moving average of $135.62. Alphabet Inc. has a twelve month low of $88.57 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate 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 firm earned $1.05 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 6.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. JMP Securities upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. Piper Sandler upped their price objective on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Monness Crespi & Hardt downgraded shares of Alphabet from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Finally, Barclays lowered their price objective on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $153.65.

View Our Latest Report on GOOGL

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 420 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at $3,577,375.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $133.97, for a total value of $26,794.00. Following the transaction, the director now directly owns 6,984 shares of the company’s stock, valued at $935,646.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 420 shares of the company’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 sale, the chief accounting officer now directly 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 136,974 shares of company stock valued at $19,427,217 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Alphabet 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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