Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bickling Financial Services Inc.

Posted by on Apr 22nd, 2023

Bickling Financial Services Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,432 shares of the information services provider’s stock after selling 154 shares during the period. Bickling Financial Services Inc.’s holdings in Alphabet were worth $479,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. DC Investments Management LLC purchased a new position in Alphabet in the 1st quarter valued at approximately $114,000. Bridgefront Capital LLC purchased a new stake in Alphabet in the first quarter valued at $225,000. Worth Asset Management LLC purchased a new stake in Alphabet in the first quarter valued at $206,000. Eudaimonia Advisors LLC lifted its position in Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after acquiring an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in Alphabet in the first quarter valued at $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Trading Up 0.1 %

Alphabet stock opened at $105.41 on Friday. The firm’s 50-day moving average is $98.94 and its 200-day moving average is $96.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $125.40. The company has a market cap of $1.35 trillion, a P/E ratio of 23.16, a PEG ratio of 1.45 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued 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 the consensus estimate of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Tigress Financial reduced their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price target on shares of Alphabet in a research note on Monday, April 3rd. Truist Financial lowered their target price on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. BNP Paribas upgraded shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a research report on Friday, March 17th. Finally, MKM Partners upped their target price on shares of Alphabet from $120.00 to $126.00 in a research report on Friday, February 3rd. Four analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.30.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,095,196. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,095,196. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold a total of 112,192 shares of company stock worth $11,373,417 in the last ninety days. 11.44% of the stock is owned by insiders.

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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