Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,519 shares of the information services provider’s stock after selling 160 shares during the period. Alphabet accounts for 2.5% of Evanson Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Evanson Asset Management LLC’s holdings in Alphabet were worth $30,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Live Oak Investment Partners acquired a new stake in shares of Alphabet in the fourth quarter valued at $26,000. VitalStone Financial LLC grew its holdings 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 during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Alphabet in the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet in the 3rd quarter valued at about $38,000. Finally, Meritage Group LP boosted its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

NASDAQ GOOGL opened at $150.93 on Friday. 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 stock has a market capitalization of $1.88 trillion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. Alphabet Inc. has a 12-month low of $99.78 and a 12-month high of $153.78. The company has a 50 day moving average price of $143.76 and a two-hundred day moving average price of $138.31.

Alphabet (NASDAQ:GOOGLGet Free Report) last released 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 net margin of 24.01% and a return on equity of 27.22%. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, equities analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 263,312 shares of company stock valued at $37,268,315 over the last quarter. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Alphabet from $141.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Redburn Atlantic increased their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Rosenblatt Securities decreased their target price on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Citigroup increased their price target on Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $155.48.

Check Out Our Latest Research Report on Alphabet

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, 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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