Annex Advisory Services LLC Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Annex Advisory Services LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,124 shares of the information services provider’s stock after selling 819 shares during the quarter. Annex Advisory Services LLC’s holdings in Alphabet were worth $893,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares during the last quarter. State Street Corp boosted its stake in shares of Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after acquiring an additional 206,300,042 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after acquiring an additional 109,870,525 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Alphabet by 1,955.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after acquiring an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Alphabet by 1,896.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after buying an additional 55,153,448 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $132.00 price target on shares of Alphabet in a research report on Thursday, March 16th. StockNews.com began coverage on Alphabet in a research report on Thursday, March 16th. They set a “hold” rating on the stock. MKM Partners boosted their price target on Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Finally, Loop Capital boosted their price target on Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Four investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.17.

Insider Activity

In other news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the sale, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Ann Mather sold 340 shares of the company’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares in the company, valued at $4,197,000. The disclosure for this sale can be found here. Insiders sold a total of 112,192 shares of company stock valued at $11,373,417 over the last three months. Insiders own 11.44% of the company’s stock.

Alphabet Trading Down 2.7 %

Shares of Alphabet stock opened at $105.97 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.36 trillion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10. The business has a fifty day simple moving average of $98.64 and a 200-day simple moving average of $96.15. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $131.40.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data 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). The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same quarter last year, the company earned $1.53 EPS. On average, equities analysts forecast that Alphabet Inc. will post 5.11 EPS for the current fiscal year.

About Alphabet

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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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