Aspiriant LLC Cuts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Aspiriant LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,369 shares of the information services provider’s stock after selling 1,239 shares during the quarter. Aspiriant LLC’s holdings in Alphabet were worth $13,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GOOGL. Christopher J. Hasenberg Inc boosted its stake in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at about $36,000. Tributary Capital Management LLC bought a new position in shares of Alphabet in the 1st quarter worth approximately $30,000. Denver PWM LLC purchased a new position in shares of Alphabet in the second quarter worth approximately $41,000. Finally, Quarry LP bought a new stake in Alphabet during the second quarter valued at approximately $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director John L. Hennessy sold 700 shares of Alphabet stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the sale, the director now directly owns 29,324 shares in the company, valued at approximately $4,838,460. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,426 shares of company stock valued at $35,993,340. 11.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Tuesday, October 15th. Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Monday, October 7th. Finally, Roth Mkm restated a “buy” rating and set a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Trading Up 0.9 %

Shares of GOOGL stock opened at $166.72 on Tuesday. The company has a market cap of $2.06 trillion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 1 year low of $122.68 and a 1 year high of $191.75. The stock’s 50 day simple moving average is $161.95 and its two-hundred day simple moving average is $168.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet 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.