Seamount Financial Group Inc. Sells 1,605 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Seamount Financial Group Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,368 shares of the information services provider’s stock after selling 1,605 shares during the quarter. Seamount Financial Group Inc.’s holdings in Alphabet were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased 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 valued at $26,000 after acquiring an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at about $36,000. Tributary Capital Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at about $30,000. Denver PWM LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at about $41,000. Finally, Quarry LP bought a new stake in shares of Alphabet in the 2nd quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,426 shares of company stock worth $35,993,340. Insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Truist Financial increased their target price on Alphabet from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research raised Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Company lowered their target price on Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. DA Davidson initiated coverage on Alphabet in a research note on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price for the company. Finally, The Goldman Sachs Group reduced their price target on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Seven 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Stock Up 1.8 %

Shares of NASDAQ GOOGL opened at $169.68 on Wednesday. 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 company has a market cap of $2.10 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 12 month low of $122.68 and a 12 month high of $191.75. The stock has a 50-day moving average price of $162.00 and a two-hundred day moving average price of $168.74.

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.