Trifecta Capital Advisors LLC Lowers Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Trifecta Capital Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,161 shares of the information services provider’s stock after selling 420 shares during the period. Trifecta Capital Advisors LLC’s holdings in Alphabet were worth $3,178,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DGS Capital Management LLC boosted its position in Alphabet by 32.6% during the first quarter. DGS Capital Management LLC now owns 14,379 shares of the information services provider’s stock worth $2,170,000 after purchasing an additional 3,532 shares in the last quarter. Clarity Financial LLC raised its stake in shares of Alphabet by 4.8% during the 1st quarter. Clarity Financial LLC now owns 4,956 shares of the information services provider’s stock worth $748,000 after buying an additional 227 shares during the period. Ellis Investment Partners LLC lifted its position in shares of Alphabet by 8.6% during the 1st quarter. Ellis Investment Partners LLC now owns 28,548 shares of the information services provider’s stock valued at $4,309,000 after buying an additional 2,258 shares in the last quarter. Affiance Financial LLC grew its stake in Alphabet by 4.5% in the 1st quarter. Affiance Financial LLC now owns 9,350 shares of the information services provider’s stock valued at $1,411,000 after acquiring an additional 400 shares during the period. Finally, S.A. Mason LLC increased its holdings in Alphabet by 1.5% in the 1st quarter. S.A. Mason LLC now owns 10,587 shares of the information services provider’s stock worth $1,598,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $165.27 on Friday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. 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 company has a 50 day moving average price of $161.95 and a 200 day moving average price of $168.51. The stock has a market capitalization of $2.03 trillion, a P/E ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was 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 directly owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Loop Capital reaffirmed a “hold” rating and set a $170.00 price objective on shares of Alphabet in a report on Wednesday, July 3rd. Jefferies Financial Group raised their price target on shares of Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Wolfe Research initiated coverage on Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective for the company. Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group dropped their price target on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target 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.