Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lessened by CVA Family Office LLC

CVA Family Office LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,207 shares of the information services provider’s stock after selling 142 shares during the period. CVA Family Office LLC’s holdings in Alphabet were worth $4,512,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. &PARTNERS raised its stake in Alphabet by 13.7% during the 1st quarter. &PARTNERS now owns 26,715 shares of the information services provider’s stock valued at $4,032,000 after purchasing an additional 3,209 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its stake in Alphabet by 10.0% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,521 shares of the information services provider’s stock valued at $682,000 after purchasing an additional 411 shares during the period. International Assets Investment Management LLC raised its stake in Alphabet by 7.6% during the 1st quarter. International Assets Investment Management LLC now owns 41,933 shares of the information services provider’s stock valued at $6,520,000 after purchasing an additional 2,951 shares during the period. Aua Capital Management LLC raised its stake in Alphabet by 4.3% during the 1st quarter. Aua Capital Management LLC now owns 5,090 shares of the information services provider’s stock valued at $768,000 after purchasing an additional 210 shares during the period. Finally, Crestmont Private Wealth LLC raised its stake in Alphabet by 28.0% during the 1st quarter. Crestmont Private Wealth LLC now owns 3,840 shares of the information services provider’s stock valued at $580,000 after purchasing an additional 839 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,426 shares of company stock worth $35,993,340. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Up 0.4 %

NASDAQ GOOGL opened at $164.07 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a 50-day simple moving average of $161.80 and a 200 day simple moving average of $168.35. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The stock has a market cap of $2.03 trillion, a PE ratio of 25.16, a PEG ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. During the same quarter last year, the company earned $1.44 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 7.64 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on GOOGL shares. Evercore ISI cut their target price on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. The Goldman Sachs Group lowered their price target on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company lowered their price target on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Tigress Financial boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets lowered their price target on shares of Alphabet from $222.00 to $215.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.76.

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.