Avior Wealth Management LLC Sells 3,659 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Avior Wealth Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,388 shares of the information services provider’s stock after selling 3,659 shares during the quarter. Avior Wealth Management LLC’s holdings in Alphabet were worth $8,156,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOGL. FMR LLC boosted its position in shares of Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Alphabet by 4,894.1% in the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after acquiring an additional 5,336,359 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in Alphabet during the 3rd quarter worth approximately $634,465,000. Ontario Teachers Pension Plan Board bought a new stake in Alphabet in the third quarter valued at approximately $601,545,000. Finally, Lone Pine Capital LLC acquired a new stake in Alphabet in the third quarter worth $407,367,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. Rosenblatt Securities cut their price target on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Citigroup reissued a “buy” rating and set a $168.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $158.71.

Alphabet Price Performance

Shares of GOOGL opened at $159.13 on Thursday. The business has a 50-day simple moving average of $146.96 and a two-hundred day simple moving average of $141.06. Alphabet Inc. has a 12-month low of $102.63 and a 12-month high of $160.22. The stock has a market cap of $1.98 trillion, a PE ratio of 27.44, a PEG ratio of 1.44 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last issued 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. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter last year, the business earned $1.05 EPS. Analysts anticipate that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock valued at $36,377,482. Insiders own 0.88% of the company’s stock.

About Alphabet

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.