Alphabet Inc. (NASDAQ:GOOGL) is Albion Financial Group UT’s 6th Largest Position

Albion Financial Group UT decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,522 shares of the information services provider’s stock after selling 1,835 shares during the quarter. Alphabet accounts for approximately 3.4% of Albion Financial Group UT’s holdings, making the stock its 6th biggest position. Albion Financial Group UT’s holdings in Alphabet were worth $49,695,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Stevard LLC acquired a new position in Alphabet in the 2nd quarter worth about $334,000. Plato Investment Management Ltd grew its stake in shares of Alphabet by 4.3% in the 2nd quarter. Plato Investment Management Ltd now owns 130,979 shares of the information services provider’s stock valued at $23,858,000 after buying an additional 5,410 shares in the last quarter. Pine Harbor Wealth Management LLC increased its holdings in Alphabet by 2.0% in the second quarter. Pine Harbor Wealth Management LLC now owns 8,306 shares of the information services provider’s stock worth $1,513,000 after buying an additional 164 shares during the last quarter. Rathbones Group PLC raised its position in Alphabet by 2.7% during the second quarter. Rathbones Group PLC now owns 4,244,505 shares of the information services provider’s stock valued at $773,137,000 after acquiring an additional 111,496 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Alphabet in the second quarter valued at approximately $251,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Down 4.2 %

GOOGL stock opened at $191.81 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $202.29. The company has a market cap of $2.35 trillion, a P/E ratio of 25.44, a PEG ratio of 1.27 and a beta of 0.98. The business has a fifty day moving average of $186.46 and a 200-day moving average of $173.57.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI increased their price objective on Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

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.