Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Cook Wealth Management Group LLC

Cook Wealth Management Group LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,709 shares of the information services provider’s stock after selling 368 shares during the quarter. Alphabet accounts for about 0.5% of Cook Wealth Management Group LLC’s portfolio, making the stock its 22nd largest holding. Cook Wealth Management Group LLC’s holdings in Alphabet were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Live Oak Investment Partners acquired a new position in Alphabet in the 4th quarter worth about $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Alphabet in the 4th quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new position in Alphabet in the 3rd quarter worth about $38,000. Meritage Group LP raised its holdings in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Finally, Macroview Investment Management LLC raised its holdings in Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last quarter. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOGL shares. JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Truist Financial increased their target price on Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm reduced their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Jefferies Financial Group increased their target price on Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Finally, Wolfe Research increased their target price on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.41.

Alphabet Stock Performance

Shares of GOOGL stock opened at $154.09 on Friday. The stock’s 50-day moving average is $146.26 and its two-hundred day moving average is $140.54. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 1 year low of $102.63 and a 1 year high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same quarter last year, the company posted $1.05 earnings per share. Analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Alphabet Profile

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.