Blankinship & Foster LLC Sells 100 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by on Oct 13th, 2023

Blankinship & Foster LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,220 shares of the information services provider’s stock after selling 100 shares during the period. Alphabet accounts for approximately 0.3% of Blankinship & Foster LLC’s holdings, making the stock its 29th biggest position. Blankinship & Foster LLC’s holdings in Alphabet were worth $984,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Live Oak Investment Partners acquired a new position in Alphabet during the 4th quarter valued at $26,000. Armor Investment Advisors LLC acquired a new position in Alphabet during the 2nd quarter valued at $28,000. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet during the 4th quarter valued at $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the 3rd quarter valued at $38,000. Finally, IAG Wealth Partners LLC raised its stake in Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. 35.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the transaction, the senior vice president now owns 75,621 shares of the company’s stock, valued at approximately $10,119,602.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the transaction, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the transaction, the senior vice president now directly owns 75,621 shares in the company, valued at approximately $10,119,602.22. The disclosure for this sale can be found here. Insiders have sold 101,091 shares of company stock valued at $13,530,462 in the last 90 days. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Alphabet from $160.00 to $200.00 in a research note on Wednesday, July 26th. Loop Capital increased their price objective on shares of Alphabet from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Mizuho increased their price objective on shares of Alphabet from $135.00 to $155.00 in a research note on Wednesday, July 26th. Piper Sandler dropped their price objective on shares of Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, October 3rd. Finally, StockNews.com initiated coverage on shares of Alphabet in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $144.00.

Get Our Latest Stock Analysis on GOOGL

Alphabet Stock Down 1.1 %

Shares of NASDAQ GOOGL opened at $138.97 on Friday. The firm has a market capitalization of $1.75 trillion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $141.22. The firm’s 50-day moving average is $133.33 and its 200-day moving average is $122.49.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.12. The company had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same quarter last year, the firm earned $1.21 EPS. Equities analysts expect that Alphabet Inc. will post 5.68 EPS for the current year.

Alphabet Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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