RHS Financial LLC Sells 222 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by on Apr 6th, 2023

RHS Financial LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,309 shares of the information services provider’s stock after selling 222 shares during the period. RHS Financial LLC’s holdings in Alphabet were worth $204,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Laurel Wealth Planning LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after purchasing an additional 304 shares in the last quarter. Finally, Horizons Wealth Management bought a new position in shares of Alphabet in the 2nd quarter worth $33,000. 34.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a report on Monday. MKM Partners increased their target price on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Stifel Nicolaus started coverage on Alphabet in a report on Monday, March 20th. They issued a “buy” rating and a $130.00 target price on the stock. Credit Suisse Group dropped their price objective on Alphabet from $145.00 to $136.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Evercore ISI dropped their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.39.

Insider Transactions at Alphabet

In other 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 completion of the transaction, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at $2,524,913.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total value of $63,617.19. Following the sale, the chief accounting officer now directly owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,192 shares of company stock valued at $11,373,417. 11.44% of the stock is owned by corporate insiders.

Alphabet Trading Down 0.2 %

Shares of GOOGL opened at $104.47 on Thursday. The business’s 50-day moving average price is $97.76 and its 200-day moving average price is $95.82. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $139.36. The stock has a market cap of $1.34 trillion, a PE ratio of 22.96, a P/E/G ratio of 1.43 and a beta of 1.10. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 5.11 EPS for the current fiscal year.

Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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