O Neil Global Advisors Inc. Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

O Neil Global Advisors Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 56.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,445 shares of the information services provider’s stock after selling 28,825 shares during the quarter. Alphabet makes up approximately 1.8% of O Neil Global Advisors Inc.’s portfolio, making the stock its 10th largest holding. O Neil Global Advisors Inc.’s holdings in Alphabet were worth $3,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sonata Capital Group Inc. raised its position in shares of Alphabet by 5.1% in the third quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock valued at $487,000 after purchasing an additional 180 shares during the period. Kellett Wealth Advisors LLC boosted its stake in Alphabet by 33.7% during the third quarter. Kellett Wealth Advisors LLC now owns 2,460 shares of the information services provider’s stock worth $322,000 after buying an additional 620 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its stake in Alphabet by 12.6% during the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 12,842 shares of the information services provider’s stock worth $1,681,000 after buying an additional 1,442 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Alphabet by 11.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 2,495,654 shares of the information services provider’s stock valued at $326,581,000 after purchasing an additional 256,756 shares in the last quarter. Finally, First American Trust FSB boosted its stake in shares of Alphabet by 2.4% in the 3rd quarter. First American Trust FSB now owns 191,122 shares of the information services provider’s stock valued at $25,010,000 after purchasing an additional 4,568 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wedbush boosted their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Susquehanna upped their price target on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research report on Monday, April 29th. Roth Mkm upped their price target on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Sanford C. Bernstein upped their price target on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada upped their price target on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.57.

Check Out Our Latest Report on GOOGL

Alphabet Price Performance

Shares of GOOGL opened at $174.99 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a 50 day simple moving average of $160.81 and a 200 day simple moving average of $146.91. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $178.77. The firm has a market capitalization of $2.16 trillion, a PE ratio of 26.84, a P/E/G ratio of 1.31 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. During the same period in the previous year, the firm earned $1.17 EPS. Sell-side analysts predict that Alphabet Inc. will post 7.61 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the completion of the transaction, the chief executive officer now owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total value of $3,897,450.00. Following the transaction, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock valued at $31,178,987 in the last quarter. 11.55% of the stock is currently owned by insiders.

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

See Also

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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.