Everett Harris & Co. CA Decreases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Everett Harris & Co. CA reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,905 shares of the information services provider’s stock after selling 1,691 shares during the period. Alphabet comprises 1.2% of Everett Harris & Co. CA’s investment portfolio, making the stock its 19th largest position. Everett Harris & Co. CA’s holdings in Alphabet were worth $96,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GOOGL. Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new position in Alphabet during the second quarter valued at approximately $36,000. Tributary Capital Management LLC bought a new position in Alphabet during the first quarter valued at approximately $30,000. Denver PWM LLC purchased a new stake in shares of Alphabet in the second quarter worth approximately $41,000. Finally, Quarry LP purchased a new position in Alphabet during the 2nd quarter worth $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.8 %

Shares of Alphabet stock opened at $169.68 on Wednesday. Alphabet Inc. has a 52-week low of $122.68 and a 52-week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company’s 50-day simple moving average is $162.00 and its 200-day simple moving average is $168.74. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Tuesday, October 15th. Guggenheim raised their price target on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Loop Capital reiterated a “hold” rating and issued a $170.00 target price on shares of Alphabet in a report on Wednesday, July 3rd. Morgan Stanley decreased their price target on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $201.76.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. 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 the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated 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 directly 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. Insiders have sold a total of 220,426 shares of company stock worth $35,993,340 over the last ninety days. 11.55% of the stock is currently owned by company 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.