Buffington Mohr McNeal Sells 5,912 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Buffington Mohr McNeal lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 28.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,577 shares of the information services provider’s stock after selling 5,912 shares during the period. Buffington Mohr McNeal’s holdings in Alphabet were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GOOGL. Global Retirement Partners LLC grew its position in shares of Alphabet by 0.5% in the third quarter. Global Retirement Partners LLC now owns 113,288 shares of the information services provider’s stock valued at $18,789,000 after purchasing an additional 509 shares in the last quarter. Good Life Advisors LLC grew its holdings in Alphabet by 10.3% during the 3rd quarter. Good Life Advisors LLC now owns 26,452 shares of the information services provider’s stock valued at $4,388,000 after buying an additional 2,472 shares in the last quarter. Avaii Wealth Management LLC grew its holdings in Alphabet by 7.5% during the 3rd quarter. Avaii Wealth Management LLC now owns 31,137 shares of the information services provider’s stock valued at $5,164,000 after buying an additional 2,180 shares in the last quarter. Summit Financial Strategies Inc. increased its position in shares of Alphabet by 18.2% during the third quarter. Summit Financial Strategies Inc. now owns 8,335 shares of the information services provider’s stock valued at $1,382,000 after buying an additional 1,282 shares during the period. Finally, Orin Green Financial LLC lifted its holdings in shares of Alphabet by 56.8% in the third quarter. Orin Green Financial LLC now owns 4,971 shares of the information services provider’s stock worth $824,000 after buying an additional 1,800 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.6 %

NASDAQ GOOGL opened at $165.27 on Friday. The business’s 50-day moving average is $161.95 and its 200 day moving average is $168.51. The stock has a market capitalization of $2.03 trillion, a PE ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75.

Insider Transactions at Alphabet

In related 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 completion of the transaction, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GOOGL shares. Pivotal Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 1st. Evercore ISI decreased their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Mizuho lifted their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Bank of America upped their target price on Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Argus lifted their price target on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Seven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet 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.