Ironwood Financial llc Has $3.36 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Ironwood Financial llc reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,271 shares of the information services provider’s stock after selling 1,829 shares during the quarter. Ironwood Financial llc’s holdings in Alphabet were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. DGS Capital Management LLC boosted its stake in Alphabet by 32.6% during the 1st quarter. DGS Capital Management LLC now owns 14,379 shares of the information services provider’s stock valued at $2,170,000 after purchasing an additional 3,532 shares during the last quarter. Clarity Financial LLC lifted its holdings in shares of Alphabet by 4.8% in the first quarter. Clarity Financial LLC now owns 4,956 shares of the information services provider’s stock valued at $748,000 after purchasing an additional 227 shares in the last quarter. Ellis Investment Partners LLC boosted its position in shares of Alphabet by 8.6% during the first quarter. Ellis Investment Partners LLC now owns 28,548 shares of the information services provider’s stock valued at $4,309,000 after buying an additional 2,258 shares during the last quarter. Affiance Financial LLC grew its holdings in Alphabet by 4.5% during the first quarter. Affiance Financial LLC now owns 9,350 shares of the information services provider’s stock worth $1,411,000 after buying an additional 400 shares in the last quarter. Finally, S.A. Mason LLC raised its position in Alphabet by 1.5% in the 1st quarter. S.A. Mason LLC now owns 10,587 shares of the information services provider’s stock valued at $1,598,000 after buying an additional 155 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $165.27 on Friday. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.03 trillion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The firm’s 50 day simple moving average is $161.95 and its 200 day simple moving average is $168.51.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,426 shares of company stock valued at $35,993,340. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on GOOGL shares. Wedbush reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Thursday. Pivotal Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 1st. Argus increased their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI cut their target price on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Monday, October 7th. 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’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $201.76.

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.