Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,426 shares of the information services provider’s stock after selling 564 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Alphabet were worth $15,719,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Silicon Hills Wealth Management LLC grew its position in Alphabet by 5.5% in the fourth quarter. Silicon Hills Wealth Management LLC now owns 522 shares of the information services provider’s stock worth $1,512,000 after buying an additional 27 shares during the last quarter. PFS Investments Inc. grew its position in Alphabet by 12.0% during the 4th quarter. PFS Investments Inc. now owns 5,219 shares of the information services provider’s stock worth $15,120,000 after purchasing an additional 561 shares in the last quarter. Cibc World Markets Corp grew its position in Alphabet by 14.0% during the 4th quarter. Cibc World Markets Corp now owns 69,459 shares of the information services provider’s stock worth $201,226,000 after purchasing an additional 8,528 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Alphabet by 10.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,423 shares of the information services provider’s stock worth $24,402,000 after purchasing an additional 800 shares in the last quarter. Finally, Forbes J M & Co. LLP grew its position in Alphabet by 0.4% during the 4th quarter. Forbes J M & Co. LLP now owns 10,870 shares of the information services provider’s stock worth $31,491,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

NASDAQ:GOOGL opened at $2,178.16 on Friday. The firm has a market cap of $1.43 trillion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. Alphabet Inc. has a 12 month low of $2,115.93 and a 12 month high of $3,030.93. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $2,535.65 and its two-hundred day moving average price is $2,708.83.

Alphabet shares are set to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be issued to shareholders after the market closes on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $26.29 EPS. On average, research analysts expect that Alphabet Inc. will post 112.62 EPS for the current fiscal year.

In related news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.16, for a total value of $6,073,818.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 490 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the completion of the transaction, the senior vice president now owns 497 shares in the company, valued at $1,160,644.10. The disclosure for this sale can be found here. Insiders have sold 550,261 shares of company stock worth $21,637,779 over the last quarter. 13.20% of the stock is owned by company insiders.

GOOGL has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on shares of Alphabet from $3,600.00 to $3,400.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Sanford C. Bernstein lifted their target price on shares of Alphabet from $3,250.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Wednesday, February 2nd. Piper Sandler decreased their target price on shares of Alphabet from $3,475.00 to $2,900.00 and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Bank of America lifted their target price on shares of Alphabet from $3,470.00 to $3,510.00 and gave the company a “buy” rating in a research note on Wednesday, February 2nd. Finally, Wolfe Research decreased their target price on shares of Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Three research 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’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average target price of $3,337.74.

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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