WS Management Lllp reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 42.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,980 shares of the information services provider’s stock after selling 121,200 shares during the quarter. Alphabet comprises approximately 1.8% of WS Management Lllp’s investment portfolio, making the stock its 10th biggest holding. WS Management Lllp’s holdings in Alphabet were worth $16,802,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Spreng Capital Management Inc. raised its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. raised its position in shares of Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. raised its position in shares of Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC increased its position in shares of Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares in the last quarter. Finally, Weik Capital Management raised its stake in Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the last quarter. 35.08% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other news, Director Ann Mather sold 9,540 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $125.33, for a total transaction of $1,195,648.20. Following the sale, the director now owns 2,800 shares of the company’s stock, valued at approximately $350,924. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 9,540 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $125.33, for a total value of $1,195,648.20. Following the completion of the sale, the director now directly owns 2,800 shares of the company’s stock, valued at $350,924. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,353 shares of company stock valued at $8,576,028. Corporate insiders own 0.88% of the company’s stock.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.12. The business had revenue of $74.60 billion during the quarter, compared to analysts’ expectations 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 company earned $1.21 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 5.68 EPS for the current fiscal year.
Analyst Ratings Changes
GOOGL has been the subject of a number of research reports. 888 reaffirmed a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. JMP Securities upped their price objective on shares of Alphabet from $132.00 to $138.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $121.00 to $150.00 in a report on Wednesday, July 26th. Wedbush started coverage on shares of Alphabet in a report on Monday, August 21st. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Barclays increased their price objective on shares of Alphabet from $160.00 to $200.00 in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.08.
Check Out Our Latest Report on GOOGL
Alphabet Profile
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.
Featured Stories
- Five stocks we like better than Alphabet
- How to Invest in Artificial Intelligence
- Why Ambarella’s 20% Decline is a Strong Signal for New Investment
- Why is the Ex-Dividend Date Significant to Investors?
- Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers
- What Are MATANA Stocks?
- A Significant Reversal is in Sight for These 5 Med Tech Companies
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
