Moody Lynn & Lieberson LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,441 shares of the information services provider’s stock after selling 26,677 shares during the period. Alphabet accounts for 3.5% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 3rd largest holding. Moody Lynn & Lieberson LLC’s holdings in Alphabet were worth $38,633,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Live Oak Investment Partners acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet during the 4th quarter worth $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet during the 3rd quarter worth $38,000. IAG Wealth Partners LLC grew its holdings in Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after acquiring an additional 200 shares during the period. Finally, AM Squared Ltd acquired a new stake in Alphabet during the 4th quarter worth $44,000. Institutional investors own 35.38% of the company’s stock.
Insider Buying and Selling
In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $130.95, for a total transaction of $30,118.50. Following the sale, the director now directly owns 13,329 shares in the company, valued at approximately $1,745,432.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $130.95, for a total value of $30,118.50. Following the transaction, the director now owns 13,329 shares of the company’s stock, valued at approximately $1,745,432.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the sale, the director now directly owns 107,240 shares of the company’s stock, valued at approximately $11,264,489.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 841,501 shares of company stock worth $29,365,352. 0.88% of the stock is owned by insiders.
Alphabet Price Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.12. The firm had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same period in the previous year, the firm posted $1.21 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 5.62 EPS for the current year.
Wall Street Analyst Weigh In
GOOGL has been the subject of several research analyst reports. JMP Securities boosted their price target on shares of Alphabet from $132.00 to $138.00 and gave the company a “market outperform” rating in a report on Wednesday, July 26th. TD Cowen boosted their price objective on shares of Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Roth Mkm boosted their price objective on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Mizuho boosted their price objective on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Finally, Evercore ISI boosted their price objective on shares of Alphabet from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.19.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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