Epiq Partners LLC Has $5.56 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Epiq Partners LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,344 shares of the information services provider’s stock after selling 5,306 shares during the period. Alphabet accounts for about 3.0% of Epiq Partners LLC’s investment portfolio, making the stock its 10th largest position. Epiq Partners LLC’s holdings in Alphabet were worth $5,555,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GOOGL. JDH Wealth Management LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $299,000. Integrity Wealth Solutions LLC raised its holdings in Alphabet by 23.2% during the fourth quarter. Integrity Wealth Solutions LLC now owns 4,958 shares of the information services provider’s stock valued at $938,000 after acquiring an additional 935 shares during the period. Nilsine Partners LLC lifted its position in shares of Alphabet by 25.2% in the fourth quarter. Nilsine Partners LLC now owns 21,711 shares of the information services provider’s stock valued at $4,110,000 after acquiring an additional 4,367 shares in the last quarter. Cherry Creek Investment Advisors Inc. boosted its stake in shares of Alphabet by 5.3% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 2,256 shares of the information services provider’s stock worth $427,000 after acquiring an additional 113 shares during the period. Finally, Baldwin Wealth Partners LLC MA boosted its stake in shares of Alphabet by 1.9% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 365,066 shares of the information services provider’s stock worth $69,107,000 after acquiring an additional 6,836 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 1.4 %

Shares of NASDAQ:GOOGL opened at $201.23 on Tuesday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $205.48. The stock has a market cap of $2.46 trillion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The business’s 50 day moving average is $188.97 and its 200 day moving average is $174.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GOOGL shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the sale, the director now directly owns 319,966 shares of the company’s stock, valued at $56,765,168.06. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,529 shares of company stock valued at $22,453,483. 11.55% of the stock is currently owned by corporate insiders.

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.