Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by MRA Advisory Group

Posted by on Apr 29th, 2023

MRA Advisory Group reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,164 shares of the information services provider’s stock after selling 188 shares during the quarter. MRA Advisory Group’s holdings in Alphabet were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GOOGL. VitalStone Financial LLC acquired a new position in Alphabet in the fourth quarter valued at $25,000. IAG Wealth Partners LLC grew its stake in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC increased its position in Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC lifted its stake in Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Finally, Coston McIsaac & Partners boosted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 304 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet 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 value of $63,617.19. Following the transaction, the chief accounting officer now owns 25,282 shares in the company, valued at approximately $2,524,913.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Ann Mather sold 380 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 25,282 shares in the company, valued at approximately $2,524,913.34. The disclosure for this sale can be found here. Insiders have sold a total of 100,539 shares of company stock worth $10,209,164 in the last three months. Company insiders own 11.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GOOGL shares. JMP Securities reiterated a “market outperform” rating and issued a $132.00 price target on shares of Alphabet in a research report on Thursday, March 16th. Rosenblatt Securities decreased their target price on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. KeyCorp dropped their price target on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, January 30th. Citigroup increased their price objective on Alphabet from $120.00 to $130.00 in a research report on Wednesday. Finally, BNP Paribas raised Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a report on Friday, March 17th. Three investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.06.

Alphabet Trading Down 0.2 %

Shares of GOOGL opened at $107.34 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $122.85. The stock has a fifty day moving average of $100.20 and a two-hundred day moving average of $96.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.34 and a current ratio of 2.35. The company has a market capitalization of $1.37 trillion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 5.13 EPS for the current 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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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