Symphony Financial Ltd. Co. Sells 5,431 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Symphony Financial Ltd. Co. reduced its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 75.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the information services provider’s stock after selling 5,431 shares during the period. Symphony Financial Ltd. Co.’s holdings in Alphabet were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DC Investments Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $114,000. Bridgefront Capital LLC bought a new position in Alphabet in the 1st quarter valued at approximately $225,000. Worth Asset Management LLC bought a new position in Alphabet in the 1st quarter valued at approximately $206,000. Eudaimonia Advisors LLC raised its holdings in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in Alphabet in the 1st quarter valued at approximately $281,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $149.00 on Monday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.86 trillion, a P/E ratio of 25.69, a PEG ratio of 1.38 and a beta of 1.06. The company has a fifty day simple moving average of $140.72 and a 200 day simple moving average of $135.76. Alphabet Inc. has a 12-month low of $88.57 and a 12-month high of $153.78.

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, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for 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 period in the previous year, the firm earned $1.05 EPS. Sell-side analysts predict that Alphabet Inc. will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. KeyCorp raised their price objective on shares of Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Mizuho raised their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays lowered their price target on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $153.65.

Read Our Latest Stock Analysis on Alphabet

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the transaction, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now directly owns 52,440 shares in the company, valued at $7,294,404. The disclosure for this sale can be found here. Insiders have sold 136,974 shares of company stock valued at $19,427,217 in the last three months. 0.88% of the stock is currently owned by insiders.

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, devices, 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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