Slow Capital Inc. Sells 1,901 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Slow Capital Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,023 shares of the information services provider’s stock after selling 1,901 shares during the quarter. Alphabet comprises approximately 2.3% of Slow Capital Inc.’s investment portfolio, making the stock its 12th biggest holding. Slow Capital Inc.’s holdings in Alphabet were worth $16,474,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOOGL. Baldwin Wealth Partners LLC MA increased its holdings 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 valued at $69,107,000 after purchasing an additional 6,836 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Alphabet by 25.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 183,230 shares of the information services provider’s stock valued at $34,686,000 after acquiring an additional 37,130 shares during the period. tru Independence LLC boosted its position in shares of Alphabet by 22.9% in the fourth quarter. tru Independence LLC now owns 1,698 shares of the information services provider’s stock valued at $322,000 after acquiring an additional 316 shares during the period. Parsons Capital Management Inc. RI boosted its position in shares of Alphabet by 18.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 184,746 shares of the information services provider’s stock valued at $34,972,000 after acquiring an additional 29,351 shares during the period. Finally, Heirloom Wealth Management bought a new stake in shares of Alphabet in the fourth quarter valued at about $605,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $201.23 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. The company has a market cap of $2.46 trillion, a PE ratio of 26.69, a P/E/G ratio of 1.31 and a beta of 0.99. The business has a 50 day moving average of $188.97 and a 200 day moving average of $174.03. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $205.48.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC increased their target price on shares of Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wedbush upped their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Monday, January 27th. Nine 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 stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,529 shares of company stock worth $22,453,483 over the last quarter. 11.55% of the stock is 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.