Richard W. Paul & Associates LLC Sells 156 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Richard W. Paul & Associates LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,904 shares of the information services provider’s stock after selling 156 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Alphabet were worth $1,311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Howard Financial Services LTD. lifted its position in Alphabet by 7.4% during the 1st quarter. Howard Financial Services LTD. now owns 7,080 shares of the information services provider’s stock worth $1,069,000 after acquiring an additional 489 shares during the last quarter. Indiana Trust & Investment Management CO increased its stake in shares of Alphabet by 0.5% in the first quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock worth $7,383,000 after purchasing an additional 261 shares during the period. Capital Asset Advisory Services LLC lifted its position in shares of Alphabet by 7.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock worth $8,463,000 after purchasing an additional 3,672 shares during the last quarter. Register Financial Advisors LLC boosted its stake in Alphabet by 19.8% during the 1st quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock valued at $366,000 after purchasing an additional 400 shares during the period. Finally, LongView Wealth Management grew its holdings in Alphabet by 2.6% in the 1st quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock valued at $935,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $166.72 on Tuesday. The business has a fifty day moving average of $161.95 and a 200-day moving average of $168.65. The firm has a market cap of $2.06 trillion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOGL. Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research report on Wednesday, July 24th. Guggenheim increased their price target on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 price target on shares of Alphabet in a research report on Monday, October 7th. Argus upped their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group decreased their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Seven 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.76.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This 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 accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by corporate insiders.

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.