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

Posted by Defense World Staff on Apr 5th, 2023

Aspiriant LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,758 shares of the information services provider’s stock after selling 1,166 shares during the quarter. Aspiriant LLC’s holdings in Alphabet were worth $7,302,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. DC Investments Management LLC purchased a new stake in Alphabet during the 1st quarter valued at $114,000. Bridgefront Capital LLC bought a new position in Alphabet during the 1st quarter valued at about $225,000. Worth Asset Management LLC bought a new position in Alphabet during the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC raised its position in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC bought a new stake in Alphabet in the first quarter worth about $281,000. 34.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GOOGL shares. Loop Capital upped their target price on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. KeyCorp decreased their target price on Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. StockNews.com assumed coverage on shares of Alphabet in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Tigress Financial decreased their price objective on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a report on Friday, January 6th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.39.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total transaction of $63,617.19. Following the completion of the sale, the chief accounting officer now directly owns 25,282 shares in the company, valued at $2,524,913.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $99.87, for a total transaction of $63,617.19. Following the sale, the chief accounting officer now owns 25,282 shares in the company, valued at approximately $2,524,913.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The disclosure for this sale can be found here. Insiders sold 112,192 shares of company stock valued at $11,373,417 in the last three months. 11.44% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $104.72 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.34 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.43 and a beta of 1.10. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $142.99. The stock has a fifty day moving average price of $97.57 and a 200-day moving average price of $95.76.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same quarter last year, the business posted $1.53 earnings per share. Equities research analysts predict that Alphabet Inc. will post 5.11 earnings per share for the current fiscal year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.