Pachira Investments Inc. Sells 616 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Pachira Investments Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,750 shares of the information services provider’s stock after selling 616 shares during the quarter. Alphabet makes up about 0.6% of Pachira Investments Inc.’s portfolio, making the stock its 25th largest holding. Pachira Investments Inc.’s holdings in Alphabet were worth $788,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Christopher J. Hasenberg Inc boosted its holdings in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. Tributary Capital Management LLC bought a new position in Alphabet during the 1st quarter worth approximately $30,000. Kings Path Partners LLC acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $36,000. Denver PWM LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at $41,000. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of Alphabet by 59.2% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 220,426 shares of company stock valued at $35,993,340. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOGL shares. Truist Financial boosted their target price on shares of Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their target price on Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Wolfe Research began coverage on Alphabet in a report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 target price for the company. Finally, Roth Mkm restated a “buy” rating and set a $206.00 price target on shares of Alphabet in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Trading Up 0.9 %

NASDAQ:GOOGL opened at $166.72 on Tuesday. Alphabet Inc. has a 52 week low of $122.68 and a 52 week high of $191.75. The firm has a 50-day moving average price of $161.95 and a two-hundred day moving average price of $168.65. 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 market cap of $2.06 trillion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

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.