Aspiriant LLC Sells 2,149 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Aspiriant LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,687 shares of the information services provider’s stock after selling 2,149 shares during the period. Aspiriant LLC’s holdings in Alphabet were worth $11,551,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Live Oak Investment Partners bought a new stake in shares of Alphabet in the fourth quarter valued at about $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet in the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet in the third quarter worth about $38,000. Meritage Group LP raised its position in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Finally, Macroview Investment Management LLC raised its position in Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price target (up previously from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Finally, KeyCorp increased their price target on shares of Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL stock opened at $155.47 on Thursday. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The stock has a market cap of $1.93 trillion, a PE ratio of 26.81, a PEG ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50 day moving average price is $145.95 and its two-hundred day moving average price is $140.29.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for 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 period last year, the firm earned $1.05 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Alphabet Company Profile

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.