Fort Sheridan Advisors LLC Sells 5 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Fort Sheridan Advisors LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 569 shares of the information services provider’s stock after selling 5 shares during the period. Fort Sheridan Advisors LLC’s holdings in Alphabet were worth $1,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morling Financial Advisors LLC bought a new position in shares of Alphabet during the fourth quarter valued at $29,000. West Bancorporation Inc. bought a new position in shares of Alphabet during the fourth quarter valued at $29,000. J Arnold Wealth Management Co bought a new position in shares of Alphabet during the third quarter valued at $40,000. NS Partners Ltd purchased a new stake in Alphabet during the fourth quarter valued at $41,000. Finally, Schubert & Co purchased a new stake in Alphabet during the fourth quarter valued at $43,000. Institutional investors own 41.70% of the company’s stock.

In other Alphabet news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the firm’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of $11.16, for a total transaction of $6,073,818.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 31 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the transaction, the director now owns 265 shares in the company, valued at $604,459.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 550,261 shares of company stock worth $21,637,779. Company insiders own 13.20% of the company’s stock.

A number of analysts recently commented on GOOGL shares. Piper Sandler reduced their price objective on Alphabet from $3,475.00 to $2,900.00 and set an “overweight” rating for the company in a research report on Wednesday, April 27th. Wolfe Research reduced their price objective on Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. The Goldman Sachs Group upped their price objective on Alphabet from $3,350.00 to $3,400.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Canaccord Genuity Group reduced their price target on Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Finally, Wedbush reduced their price target on Alphabet from $3,800.00 to $3,113.00 in a research report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $3,314.08.

Shares of NASDAQ GOOGL traded up $64.13 during midday trading on Friday, hitting $2,321.01. The company’s stock had a trading volume of 1,748,103 shares, compared to its average volume of 2,051,722. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $2,570.32 and its two-hundred day moving average is $2,733.56. Alphabet Inc. has a 12-month low of $2,196.49 and a 12-month high of $3,030.93. The firm has a market cap of $1.53 trillion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13.

Alphabet shares are going to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the previous year, the company earned $26.29 earnings per share. On average, analysts predict that Alphabet Inc. will post 112.62 earnings per share for the current fiscal year.

Alphabet Profile (Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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