Koshinski Asset Management Inc. Sells 1,725 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Koshinski Asset Management Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,829 shares of the information services provider’s stock after selling 1,725 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Alphabet were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. &PARTNERS grew its position in shares of Alphabet by 13.7% in the 1st quarter. &PARTNERS now owns 26,715 shares of the information services provider’s stock worth $4,032,000 after buying an additional 3,209 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of Alphabet by 10.0% in the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,521 shares of the information services provider’s stock worth $682,000 after buying an additional 411 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Alphabet by 7.6% in the 1st quarter. International Assets Investment Management LLC now owns 41,933 shares of the information services provider’s stock worth $6,520,000 after buying an additional 2,951 shares during the last quarter. Aua Capital Management LLC grew its position in shares of Alphabet by 4.3% in the 1st quarter. Aua Capital Management LLC now owns 5,090 shares of the information services provider’s stock worth $768,000 after buying an additional 210 shares during the last quarter. Finally, Crestmont Private Wealth LLC grew its position in shares of Alphabet by 28.0% in the 1st quarter. Crestmont Private Wealth LLC now owns 3,840 shares of the information services provider’s stock worth $580,000 after buying an additional 839 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

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

Alphabet Price Performance

NASDAQ:GOOGL opened at $164.07 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.03 trillion, a P/E ratio of 25.16, a P/E/G ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75. The business’s 50-day moving average is $161.80 and its 200 day moving average is $168.35.

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

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $206.00 price objective on shares of Alphabet in a research report on Thursday, August 29th. Guggenheim raised their target price on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets lowered their target price on Alphabet from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Tuesday, October 15th. Finally, Argus raised their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Eight research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $201.76.

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.