Lazari Capital Management Inc. Sells 227 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Lazari Capital Management Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,934 shares of the information services provider’s stock after selling 227 shares during the period. Alphabet accounts for approximately 3.0% of Lazari Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Lazari Capital Management Inc.’s holdings in Alphabet were worth $4,964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DE Burlo Group Inc. lifted its position in shares of Alphabet by 520.0% during the second quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock worth $11,551,000 after acquiring an additional 80,934 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Alphabet by 2.1% during the second quarter. Montag A & Associates Inc. now owns 129,511 shares of the information services provider’s stock worth $15,502,000 after acquiring an additional 2,670 shares in the last quarter. EFG Asset Management North America Corp. lifted its position in shares of Alphabet by 6.1% during the second quarter. EFG Asset Management North America Corp. now owns 38,124 shares of the information services provider’s stock worth $4,564,000 after acquiring an additional 2,189 shares in the last quarter. West Tower Group LLC purchased a new stake in shares of Alphabet during the second quarter worth $88,000. Finally, Fisher Asset Management LLC lifted its position in shares of Alphabet by 1.4% during the second quarter. Fisher Asset Management LLC now owns 42,725,279 shares of the information services provider’s stock worth $5,114,215,000 after acquiring an additional 579,305 shares in the last quarter. 35.08% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 28,281 shares of Alphabet stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $141.40, for a total transaction of $3,998,933.40. Following the sale, the insider now directly owns 25,002 shares of the company’s stock, valued at approximately $3,535,282.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of Alphabet stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $133.32, for a total transaction of $55,994.40. Following the sale, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 28,281 shares of Alphabet stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $141.40, for a total value of $3,998,933.40. Following the sale, the insider now directly owns 25,002 shares in the company, valued at $3,535,282.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,974 shares of company stock valued at $19,427,217. 0.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Wolfe Research increased their price objective on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Citigroup increased their price objective on Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company increased their price objective on Alphabet from $126.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. Finally, Rosenblatt Securities lowered their price objective on Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.65.

Read Our Latest Analysis on GOOGL

Alphabet Stock Down 1.0 %

NASDAQ GOOGL opened at $147.53 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.85 trillion, a PE ratio of 25.44, a PEG ratio of 1.38 and a beta of 1.06. Alphabet Inc. has a 1 year low of $88.57 and a 1 year high of $153.78. The business’s 50-day moving average is $141.08 and its 200 day moving average is $135.89.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the firm earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.76 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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