Atlatl Advisers LLC Lowers Holdings in Alphabet Inc. $GOOGL

Atlatl Advisers LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,739 shares of the information services provider’s stock after selling 550 shares during the period. Atlatl Advisers LLC’s holdings in Alphabet were worth $1,188,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. raised its stake in shares of Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 119 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in Alphabet during the 1st quarter worth about $28,000. von Borstel & Associates Inc. purchased a new stake in Alphabet during the 1st quarter worth about $28,000. NBZ Investment Advisors LLC raised its position in Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the transaction, the chief executive officer directly owned 2,429,892 shares in the company, valued at $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 189,896 shares of company stock valued at $44,892,175 over the last quarter. Company insiders own 11.64% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $284.75 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $291.59. The company has a market capitalization of $3.44 trillion, a PE ratio of 28.08, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a fifty day moving average of $249.91 and a two-hundred day moving average of $203.28.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. As a group, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on GOOGL shares. Needham & Company LLC upped their target price on shares of Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Moffett Nathanson raised their price objective on shares of Alphabet from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Sanford C. Bernstein boosted their target price on shares of Alphabet from $260.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Finally, Mizuho set a $325.00 target price on Alphabet in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.10.

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.