Walleye Capital LLC Trims Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Walleye Capital LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203 shares of the information services provider’s stock after selling 471 shares during the period. Walleye Capital LLC’s holdings in Alphabet were worth $3,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $1,680,864,000. Fortis Advisors LLC raised its holdings in Alphabet by 149,779.0% during the 3rd quarter. Fortis Advisors LLC now owns 535,068 shares of the information services provider’s stock valued at $1,508,000 after buying an additional 534,711 shares during the last quarter. Fundsmith LLP bought a new stake in Alphabet during the 4th quarter valued at $1,214,138,000. Invesco Ltd. increased its position in Alphabet by 14.1% during the 4th quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock valued at $6,640,190,000 after purchasing an additional 283,907 shares during the period. Finally, Liontrust Investment Partners LLP bought a new position in Alphabet in the 3rd quarter worth $431,244,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

NASDAQ GOOGL traded up $90.48 during trading hours on Friday, reaching $2,246.33. The stock had a trading volume of 1,893,196 shares, compared to its average volume of 1,954,017. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. Alphabet Inc. has a 52-week low of $2,037.69 and a 52-week high of $3,030.93. The stock has a fifty day moving average of $2,485.57 and a 200 day moving average of $2,682.83. The stock has a market cap of $1.48 trillion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13.

Alphabet’s stock is set to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be payable to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 EPS 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 business posted $26.29 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 112.62 EPS for the current year.

A number of analysts have recently issued reports on the stock. Tigress Financial raised their price target on shares of Alphabet from $3,540.00 to $3,670.00 and gave the company a “strong-buy” rating in a report on Friday, March 18th. Rosenblatt Securities started coverage on shares of Alphabet in a report on Tuesday, April 19th. They issued a “buy” rating and a $4,183.00 price objective on the stock. UBS Group dropped their price objective on shares of Alphabet from $3,850.00 to $3,600.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Credit Suisse Group lowered their price target on shares of Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Finally, MKM Partners lowered their price target on shares of Alphabet from $3,375.00 to $3,300.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Two equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $3,312.41.

In other Alphabet news, SVP Prabhakar Raghavan sold 490 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total value of $1,144,297.00. Following the completion of the sale, the senior vice president now directly owns 497 shares of the company’s stock, valued at approximately $1,160,644.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $6,073,818.84. The disclosure for this sale can be found here. Insiders have sold a total of 550,282 shares of company stock worth $21,681,939 in the last quarter. Insiders own 13.20% of the company’s stock.

Alphabet Company 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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